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Questions and Answers
Which field of economics focuses on understanding the behavior of individual economic agents?
Which field of economics focuses on understanding the behavior of individual economic agents?
- Public sector economics
- Investment economics
- Microeconomics (correct)
- Macroeconomics
Which factor is the most important for most countries to measure their economic performance?
Which factor is the most important for most countries to measure their economic performance?
- GDP (correct)
- Investment
- Public expenditure
- Consumption
What is the opportunity cost?
What is the opportunity cost?
- The cost of resources allocated in an efficient way
- The economic performance of a specific space
- The loss of something while doing something else (correct)
- The activity of firms
Which economic agents consume in an economy?
Which economic agents consume in an economy?
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What does GDP consist of?
What does GDP consist of?
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