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You talk to the plant manager and discover that the company can produce. Macroeconomics addresses why some countries grow faster than others and have higher standards of living than others. Class 12 Difference Between Micro And Macro Economics Or the study of how we make our choices when we are faced with constraints. . Marginal Product With every additional input the increase in total product is referred to as the marginal product. For instance here are some factors of economics that are considered components of macroeconomics. The study of how households and business interact in markets C. Economics is the study of choice under scarcity. BIt considers the behavior of individuals and firms on an individual level. Which of the following best describes Macroeconomics. Which of the following describes a macroeconomic event that can affect your future. Economics Which of the following examples describes macro...