The Question "Why Do National Economies Grow" Would Be a Macroeconomic

question 16

Multiple Choice

The question "why do national economies grow" would be a macroeconomic, rather than a microeconomic topic, because it

• A) relates to the economy as a whole.
• B) studies a single market.
• C) considers the decisions of one industry.
• D) depends on the actions of suppliers.

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Definitions:

Ambition

A strong desire to achieve something, typically requiring determination and hard work.

Anger

A strong feeling of displeasure or hostility triggered by what one perceives as wrong, injustice, or annoyance.

Perfectionism

A personality trait characterized by a person's striving for flawlessness and setting exceedingly high performance standards.

Psychophysiological Illness

Literally, “mind-body” illness; any stress-related physical illness, such as hypertension and some headaches.