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Economics Concepts Quiz
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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

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