The Field of Economics Is Divided into Two Major Branches

question 376

Multiple Choice

The field of economics is divided into two major branches: microeconomics and macroeconomics. Microeconomics studies the behavior of individual economic agents and how they interact with each other in markets. Macroeconomics focuses on the overall level of economic activity in a society. It studies such topics as unemployment, inflation, and the rate of economic growth. Don E. Waldman, Microeconomics

• A) Argument; conclusion: Microeconomics studies ... with each other in markets.
• B) Argument; conclusion: The field of economics ... macroeconomics.
• C) Argument; conclusion: It studies such topics ... rate of economic growth.
• D) Nonargument.
• E) Argument; conclusion: Macroeconomics focuses ... in a society.

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Definitions:

Axon

A long, slender projection of a nerve cell, or neuron, that conducts electrical impulses away from the neuron's cell body.

Central Nervous System

The major part of the nervous system consisting of the brain and spinal cord, which integrates and processes nervous information.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the medulla oblongata in the brainstem down to the lumbar region of the vertebral column.

Prefrontal Cortex

The front part of the frontal lobes of the brain, involved in complex behaviors such as decision making, planning, and moderating social behavior.