The Basic Difference Between Macroeconomics and Microeconomics Is

question 26

Multiple Choice

The basic difference between macroeconomics and microeconomics is:

• A) microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade.
• B) microeconomics concentrates on the behavior of individual consumers while macroeconomics focuses on the behavior of firms.
• C) microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.
• D) microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment.

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Definitions:

Neuron

A specialized cell that conducts impulses through the nervous system.

Dendrite

The branched projections of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the body, or soma, of the neuron from which it projects.

"Tree"

A perennial plant with an elongated stem, or trunk, supporting branches and leaves in most species.

Neuron

A nerve cell that is the basic building block of the nervous system, responsible for receiving, processing, and transmitting information.