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Questions and Answers
What does microeconomics mainly focus on?
What does microeconomics mainly focus on?
- Studying the wealth of individuals
- Studying scarcity in societies
- Analyzing the behavior of whole countries
- Analyzing the behavior of individuals (correct)
Which type of resources are considered as the 'gift of nature'?
Which type of resources are considered as the 'gift of nature'?
- Productive resources
- Capital goods
- Human resources
- Natural resources (correct)
In economics, what do capital goods refer to?
In economics, what do capital goods refer to?
- Intangible services
- Goods created by humans (correct)
- Goods that people can touch, feel, and see
- Human effort
Which level of economics is considered the foundation for macroeconomics analysis?
Which level of economics is considered the foundation for macroeconomics analysis?
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What is the main focus of macroeconomics?
What is the main focus of macroeconomics?
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