Question

Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected __________ doesn't change.

market

economy

production

firm

Answer 1

Economics, whether viewed through the lens of microeconomics or macroeconomics, focuses on the subject of the economy as a whole. The interconnected market economy, consisting of production and firms, remains the same regardless of the perspective.

Step-by-step explanation:

Economics, whether viewed through the lens of microeconomics or macroeconomics, focuses on the subject of the economy as a whole.

Regardless of the perspective, the central theme remains the same, which is the interconnectedness of the market economy.

The market economy, comprised of production and firms, serves as the primary mechanism for addressing questions about what is produced, how it is produced, and for whom it is produced.