Assertion (A): The study of the wage rate fixed for one industry is part of macroeconomics.
Reason (R): Microeconomics studies individual units such as one industry or one market.

Both A and R are true, and R is the correct explanation of A.Correct answerYour answerBoth A and R are true, but R is not the correct explanation of A.Correct answerYour answerA is true, but R is false.Correct answerYour answerA is false, but R is true.Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

One industry's wage is an individual market, which is microeconomics, so A is false.
R correctly describes microeconomics.

Concept: An industry wage is micro
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsMicroeconomics and macroeconomics

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Assertion (A): The study of the wage rate fixed for one industry is part of macroeconomics.Reason (R): Microeconomics studies individual units such as one industry or one market.

Explanation

Assertion (A): The study of the wage rate fixed for one industry is part of macroeconomics.
Reason (R): Microeconomics studies individual units such as one industry or one market.