What Is the Difference Between Microevolution and Macroevolution

question 49

Multiple Choice

What is the difference between microevolution and macroevolution?

• A) Microevolution refers to change within species; macroevolution refers to the production of new species.
• B) Microevolution refers to small changes within a species; macroevolution refers to major changes within a species.
• C) Microevolution refers to changes in microorganisms; macroevolution refers to changes in bigger species.
• D) Microevolution is accepted by evolutionary scholars; macroevolution is accepted by creationists.

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Definitions:

Income Effect

The change in an individual's or market's consumption resulting from a change in real income.

Inferior Good

A type of good for which demand decreases as the income of consumers increases.

Convex Preferences

A preference structure where a consumer prefers mixtures or averages of two goods or bundles to extreme amounts of one good or bundle.

Utility Function

A mathematical representation in economics that quantifies the satisfaction or happiness an individual gains from consuming various bundles of goods and services.