The Difference Between Microeconomics and Macroeconomics Is That

question 6

Multiple Choice

The difference between microeconomics and macroeconomics is that

• A)microeconomics looks at supply and demand for goods, macroeconomics looks at supply and demand for services.
• B)microeconomics looks at prices, macroeconomics looks at inflation.
• C)microeconomics looks at individual consumers, macroeconomics looks at national totals.
• D)microeconomics looks at national issues, macroeconomics looks at global issues.

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Definitions:

Semantics

Refers to the study of meanings in language, including how words and phrases express concepts and how these meanings change in different contexts.

Linguistic Categories

The classification of words and expressions in languages into specified groups based on their meanings, functions, or syntactic properties.

Prelinguistic Communication

Early forms of communication exhibited by infants before they develop the ability to use language.

Cognition

The knowledge, beliefs, thoughts and ideas that people have about themselves and their environment. May also refer to mental processes through which knowledge is acquired, including perception, memory and thinking.