Podcast
Questions and Answers
What are the two main branches of economics?
What are the two main branches of economics?
microeconomics and macroeconomics
What is the law of demand in economics?
What is the law of demand in economics?
It states that, all else being equal, as the price of a good increases, the quantity demanded decreases, and vice versa.
Economics is the study of what?
Economics is the study of what?
the production, distribution, and consumption of goods and services
