3 Questions
What are the two main branches of economics?
microeconomics and macroeconomics
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?
the production, distribution, and consumption of goods and services
Test your knowledge of economics with this quiz! Learn about the fundamental principles and concepts within the field, including the two main branches of economics and the law of demand. See how well you understand the study of economics and its applications in the real world.
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