While Their Respective Subject Matters Differ Greatly, Both Microeconomists and Macroeconomists

question 20

Multiple Choice

While their respective subject matters differ greatly, both microeconomists and macroeconomists rely on the same basic tools; that is, both rely on

• A)government contracts to promote research and publications.
• B)demand and supply analysis.
• C)the economic theory of John Maynard Keynes.
• D)consumer protection laws and antitrust legislation.

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Definitions:

Synaptic Pruning

The process by which extra neurons and synaptic connections are eliminated in the brain to increase the efficiency of neuronal transmissions.

Mental Operation

Cognitive processes that involve manipulating information mentally, such as reasoning, problem-solving, and decision-making, in the developmental theories of Piaget.

Collective Monologues

Communications in which young children each voice their own thoughts without attending to what the others are saying.

Stamp Collection

A hobby that involves collecting and organizing postage stamps from different countries and time periods.