Microeconomics short essay questions

Microeconomists, on the other hand, are often not as positive about stimulus action by the government. They believe that macroeconomists tend to ignore the most basic microeconomic question: Where are the incentives? Who has an incentive to improve the economy? Microeconomists believe it is a mistake to look at the country as an entity, because is not the actual country which decides where stimulus money will be spent. Rather, it is the politicians who are governing the country. So, instead of looking at what would be best for the country, we need to look at what politicians would have an incentive to do. Instead of assuming that politicians would choose based on what it best for a country's economic health , microeconomists believe people need to recognize at the microeconomic level that a politician is choosing based entirely on his own incentives.

Microeconomics short essay questions

microeconomics short essay questions

Media:

microeconomics short essay questionsmicroeconomics short essay questionsmicroeconomics short essay questionsmicroeconomics short essay questions