The Distinction Between Microeconomics and Macroeconomics Is

question 148

Multiple Choice

The distinction between microeconomics and macroeconomics is

• A) that microeconomics examines the beach, while macroeconomics looks at the sand, individual rocks, and shells, so to speak.
• B) so clear-cut that every topic can be readily labeled as either macro or micro.
• C) that microeconomics studies the behavior of individual consumers, workers, and firms, while macroeconomics studies the economy as a whole.
• D) that microeconomics seeks to obtain an overview, while macroeconomics observes the details of individual components.

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Definitions:

Temporal Summation

A process by which multiple subthreshold excitatory post-synaptic potentials (EPSPs) combine within a brief period to produce a larger postsynaptic potential.

Spatial Summation

The process by which multiple synaptic inputs from different locations on the same neuron combine to influence the firing rate or activity of the neuron.

Dendrites

The branched projections of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the cell body.

Back Propagation

Reverse movement of an action potential into the soma and dendritic field of a neuron; postulated to play a role in plastic changes that underlie learning.