The Basic Organizing Framework for Both Microeconomic and Macroeconomic Models

question 106

Multiple Choice

The basic organizing framework for both microeconomic and macroeconomic models is

• A)purely competitive markets.
• B)government planning of the economy.
• C)demand and supply.
• D)democratic socialism.
• E)all of the above.

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Definitions:

Diencephalon

Second portion of the embryonic brain; in the inferior core of the adult cerebrum.

Neural Crest Cells

Embryonic cells that give rise to a diverse cell lineage including melanocytes, craniofacial cartilage and bone, and peripheral and enteric neurons and glia.

Telencephalon

Anterior division of the embryonic brain from which the cerebral hemispheres develop.

Neural Tube

An embryonic structure that develops into the brain and spinal cord.