Which of the Following Is a Microeconomic Question

question 153

Multiple Choice

Which of the following is a microeconomic question?

• A)Why do economies experience periods of high inflation?
• B)Will Federal Reserve intervention lower the inflation rate?
• C)Why has growth in the economy increased since the end of the recession?
• D)Will the merger of American Airlines and US Airways increase or decrease airfares?

Recognize the effect of vicarious punishment versus vicarious reinforcement on behavior modification.

Acknowledge the importance of self-efficacy in learning and behavior change.

Appreciate the relevance of social learning theory in explaining human learning through observation and imitation.

Understand the basics and applications of research designs in developmental psychology.