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Economics Concepts Quiz

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Questions and Answers

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?

GDP (correct)

Investment

Public expenditure

Consumption

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?

<p>Households</p> Signup and view all the answers

What does GDP consist of?

<p>Consumption + Investment + Public expenditure + Export-import</p> Signup and view all the answers

Economics Concepts Quiz

Choose a study mode

Podcast

Questions and Answers

Which field of economics focuses on understanding the behavior of individual economic agents?

Which factor is the most important for most countries to measure their economic performance?

What is the opportunity cost?

Which economic agents consume in an economy?

What does GDP consist of?

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