Economics Fundamentals Quiz
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Questions and Answers

What are the main branches of economics?

The main branches of economics are microeconomics and macroeconomics.

Economics is the study of?

Economics is the study of how individuals, businesses, and governments allocate resources to satisfy their needs and wants.

Why is economics important in society?

Economics is important in society because it helps in understanding various economic issues, making informed decisions, and improving living standards.

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