13 questions
Which of the following is part of Microeconomics?
It studies the whole Economy
Problems related to the entire economy (Employment, taxes)
It studies the individual unit
Income Analysis
Which of the following is part of Macroeconomics?
Problems related to whole economy (Employment, National income, total output, total consumption)
Individual prices
Problems related to the people
Individual consumption and production
Which of the following is part of Microeconomics?
Cultural Forces
Political forces
Demographic forces
Suppliers
Which of the following is part of Macroeconomics?
suppliers
The company
Employment in the country
Marketing companies
A car is what type of good...
Durable
Non-durable
Capital
Consumer
Wht is the type of good in Play Station
Non- Durable
Consumer
Durable
Public
What type of good is Education...
Consumer
Capital
Public
Merit
What type of good is Education...
Consumer
Capital
Public
Merit
Define scarcity
Society not having enough resources
Society having enough resources
MICOeconomics
entire industies
individual decsions
MACROeconomics
individual decsions
entire industries
What ar e the 3 basic question asked in economics
What to produce
Where to produce
How to produce
For whom to produce
Why to produce
Choose the coreect answer/s
Give examples of services
Haircuts
Home repairs
Food
Playstation