Problem
1. What differentiates microeconomics from macroeconomics?
2. Name one instance in which you were a consumer.
3. How are consumption and production interconnected?
4. What tools do we use to study microeconomics?
5. Why has microeconomics evolved into an empirical discipline?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.