Which of the Following Best Describes the Difference Between Micro

question 36

Multiple Choice

Which of the following best describes the difference between micro and macroeconomics?

• A)Macroeconomics deals with bigger,more important issues,while microeconomics deals with the smaller,less significant details.
• B)Macroeconomics studies the actions of large firms while microeconomics studies the behavior of small firms and individuals.
• C)Macroeconomics is the study of aggregate factors while microeconomics is the study of individuals and individual firms.
• D)Macroeconomics studies long-run behavior (one-year or more)while microeconomics studies short-run or immediate behavior.

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Definitions:

Performance

The act of executing or conducting a task or activity, often measured against a standard of accuracy, completeness, and speed.

Creative

Showing the ability or power to bring new and imaginative ideas into existence; characterized by originality and expressiveness.

Rejection of Ideas

The act of dismissing or refusing to accept proposed concepts or viewpoints.

Convergent Thinker

Describes someone who approaches problems by attempting to find a single, optimal solution to a problem through logic and analysis.