QUESTION 10

1. Which of the following statements best captures the relationship between microeconomics and macroeconomics?
2. a.Microeconomics and macroeconomics are distinct from one another, yet they are closely related.b.For the most part, microeconomists are unconcerned with macroeconomics, and macroeconomists are unconcerned with microeconomics.c.Microeconomists study markets for small products, whereas macroeconomists study markets for large products.d.Microeconomics is oriented toward policy studies, whereas macroeconomics is oriented toward theoretical studies.