The Basic Difference Between Macroeconomics and Microeconomics Is That

question 181

Multiple Choice

The basic difference between macroeconomics and microeconomics is that:

• A)​microeconomics looks at aggregate markets while macroeconomics is concerned with individual markets.
• B)​macroeconomics is concerned with policy decisions while microeconomics applies only to theory.
• C)​microeconomics is concerned with individual markets while macroeconomics is concerned with aggregate markets.
• D)​macroeconomics is concerned with positive economics while microeconomics is concerned with normative economics.

---

Definitions:

Medical Decision-Making

The process of making informed choices related to health care, involving the assessment of available options, risks, and benefits, often in the context of patient-physician interaction.

Conscious Processing

The mental activities of which an individual is aware and which are under deliberate, voluntary control.

Intuition

The ability to understand or know something immediately, without the need for conscious reasoning.

Schemas

Cognitive structures that help individuals organize and interpret information, based on their accumulated knowledge and expectations.