Macroeconomics vs. Microeconomics Quiz
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Questions and Answers

What is the focus of Macroeconomics?

  • Price determination in cars
  • Individual income and saving decisions
  • The study of a national economy as a whole (correct)
  • Number of workers to be hired in poultry farms

    • Which field of economics deals with the production and consumption of goods and services?

  • Monetary economy
  • Microeconomics (correct)
  • Economic growth rate
  • Macroeconomics

    • Who is considered the father of modern macroeconomics?

  • Karl Marx
  • Adam Smith
  • Milton Friedman
  • John Maynard Keynes (correct)

    • What does Macroeconomics distinguish between?

    <p>The real economy and the monetary economy</p> Signup and view all the answers

    Which economic concept refers to the study of economics at an individual or company level?

    <p>Microeconomics</p> Signup and view all the answers

    What is one of the themes in Economics according to the text?

    <p>Efficiency</p> Signup and view all the answers

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