Explain why the following answer shows the differences between Microecinomics and Macroeconomics. : Microecinomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services. It considers taxes, regulations, and government legislation. Microeconomics focuses on supply and demand and other forces that determine price levels in the economy. It takes a bottom-up approach to analyzing the economy. In other words, microeconomics tries to understand human choices, decisions, and the allocation of resources. Macroeconmics on the other hand, studies the behavior of a country and how its policies impact the economy as a whole. It analyzes entire industries and economies, rather than individuals or specific companies, which is why it's a top-down approach. Macroeconomics analyzes how an increase or decrease in net exports impacts a nation's capital account, or how gross domestic product is impacted by the unemployment rate