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Questions and Answers
Which sector is responsible for consuming the goods and services produced in the economy according to the macroeconomic point of view?
Which sector is responsible for consuming the goods and services produced in the economy according to the macroeconomic point of view?
- Household sector (correct)
- Service sector
- Government sector
- Production sector
What is the primary focus of macroeconomics?
What is the primary focus of macroeconomics?
- Household consumption patterns
- Government sector regulations
- Individual consumer behavior
- Production of goods and services (correct)
What are the important features of a capitalist economy?
What are the important features of a capitalist economy?
- Central planning by the government
- Equal distribution of wealth
- Collective ownership of resources
- Ownership of resources by private individuals (correct)
In macroeconomics, which sector is responsible for framing laws and regulating policies that affect the economy and the people?
In macroeconomics, which sector is responsible for framing laws and regulating policies that affect the economy and the people?
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What is the focus of microeconomics?
What is the focus of microeconomics?
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