a Question 1 1 point Macroeconomics O a analyzes mergers and

a Question 1 (1 point) Macroeconomics: O a) analyzes mergers and acquisitions between firms. O b) is concerned with the expansion and contraction of the overall economy. O c) is narrower in scope than microeconomics. d) is concerned with the expansion of a small business into a large corporation.

Solution

Since micro economics study the behaviour of individuals, a firms. Hence bn it has narrower scope.

On the other hand macroeconomics study economy as a whole. Hence it has broader scope.

Hence it can be said that macroecomics is concerned with the expansion and contraction of the overall economy.

Hence option b is the correct answer .