. Explain microeconomics and macroeconomics. Provide examples of their research areas.

2. Provide an example of a market. Explain how this concept could be useful in the analysis of microeconomic theory.

3. How does absolute price (or nominal price) differ from relative price (or real price) of a good? Please explain briefly.

4. To develop microeconomic theories, economists laid out three assumptions for foundations of the analysis. Explain briefly.

5. Explain ceteris paribus requirement in the study of economics.

Considering all decision making models, components of a decision making system health leaders can utilize could be: a) push standard, routine decisions down to lowest possible staff level. (b) reduce decision load by blocking time. c) train all organizational members on the decision making system. d) push standard, routine decisions down to lowest possible staff level and train all organizational members on the decision making system. e) None of these is correct.5. geometry basics: L2 = {X ER|EX?