Podcast
Questions and Answers
Which field of economics studies the choices made by households, firms, and government and how these choices affect the markets for goods and services?
Which field of economics studies the choices made by households, firms, and government and how these choices affect the markets for goods and services?
- Macroeconomics
- Econometrics
- Behavioral Economics
- Microeconomics (correct)
What is the sum of consumption, investments, government spending, and imports-exports that calculates the growth or shrinkage of the economy called?
What is the sum of consumption, investments, government spending, and imports-exports that calculates the growth or shrinkage of the economy called?
- Gross Domestic Product (GDP) (correct)
- Net Domestic Product (NDP)
- Gross National Product (GNP)
- Net National Product (NNP)
What does the science of economics primarily explore?
What does the science of economics primarily explore?
- The choices made by individual people (correct)
- The standard of living and purchasing power
- The choices made by organizations
- The growth and shrinkage of the economy
Which field of economics studies the nation’s economy as a whole?
Which field of economics studies the nation’s economy as a whole?
Which field of economics studies the choices made by individual people, as well as organizations (such as the government) to understand the standard of living, purchasing power, as well as prosperity and efficiency?
Which field of economics studies the choices made by individual people, as well as organizations (such as the government) to understand the standard of living, purchasing power, as well as prosperity and efficiency?
Which field of economics studies the choices made by households, firms, and government and of how these choices affect the markets for goods and services?
Which field of economics studies the choices made by households, firms, and government and of how these choices affect the markets for goods and services?
Which field of economics studies the nation’s economy as a whole?
Which field of economics studies the nation’s economy as a whole?
What is the sum of consumption, investments, government spending, and imports-exports that calculates the growth or shrinkage of the economy called?
What is the sum of consumption, investments, government spending, and imports-exports that calculates the growth or shrinkage of the economy called?
Flashcards are hidden until you start studying
