The Basic Difference Between Macroeconomics and Microeconomics Is That

question 221

Multiple Choice

The basic difference between macroeconomics and microeconomics is that:

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

---

Definitions:

Autonomy

The right or condition of self-governance; independence in making one's own decisions.

Humanistic Psychology

An approach to psychology that emphasizes individual potential for growth and the role of unique human experiences in the development of personality.

Maslow

Refers to Abraham Maslow, an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Emotional Maladjustment

Difficulty in managing emotions, leading to problems in social relationships and functioning.