Which of the Following Is a Topic of Microeconomics

question 5

Multiple Choice

Which of the following is a topic of microeconomics?

• A) the level of national income
• B) the level of employment in the country
• C) the prices of all goods in the country
• D) the profit of firms in the banking industry
• E) the level of national output

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Definitions:

Top-Down Processing

An approach to perception that involves higher-level cognitive processes, such as expectations and previous knowledge, to interpret sensory information.

Müller-Lyer Illusion

A visual illusion in which two lines of the same length appear to be of different lengths because of the addition of inward or outward facing wings at the ends of the lines.

Poggendorf Illusion

A visual illusion that involves the misperception of the position of one part of a transversal line that has been interrupted by the contour of an intervening structure.

Ponzo Illusion

A visual illusion where the context causes an object to appear larger or smaller than it actually is.