The Basic Difference Between Macroeconomics and Microeconomics Is

question 27

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, firms, and industries 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:

Gametangia

Specialized organs or cells in fungi and plants where gametes are produced through mitosis or meiosis.

Haploid

A cell or organism having a single set of chromosomes, typically representing one complete set of genes.

Mitosis

A process of cell division that results in two genetically identical daughter cells, each with the same number and type of chromosomes as the parent nucleus.

Spore

A reproductive cell that gives rise to individual offspring in plants, fungi, and certain algae and protozoa.