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Which of the following statements is INCORRECT? Explain why. Macroeconomics is a sub-field of economics that examines the economy in the aggregate. The determination of

Which of the following statements is INCORRECT? Explain why.

Macroeconomics is a sub-field of economics that examines the economy in the aggregate.

The determination of prices in individual markets is primarily a concern of microeconomics.

Microeconomics is the study of the national economy and the global economy.

Microeconomics is the branch of economics that studies the choices of individuals and businesses

The government puts a price ceiling on the price of a large pizza. Do you agree or disagree that consumers will loose from this policy? Explain why.

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