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Questions and Answers
What are the two main categories mentioned in the text?
What are the two main categories mentioned in the text?
- Tiny and huge
- Minute and massive
- Small and large
- Micro and macro (correct)
Which category pertains to small-scale phenomena?
Which category pertains to small-scale phenomena?
- Small
- Micro (correct)
- Minute
- Tiny
Which category refers to the study of large-scale systems or phenomena?
Which category refers to the study of large-scale systems or phenomena?
- Macro (correct)
- Large
- Huge
- Massive
What is the study of how individuals, households, and firms make decisions about allocating resources?
What is the study of how individuals, households, and firms make decisions about allocating resources?
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Which field of economics deals with the overall workings of a national economy, including GDP, unemployment, and inflation?
Which field of economics deals with the overall workings of a national economy, including GDP, unemployment, and inflation?
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What is the statistical methods used in economics to test and quantify economic theories?
What is the statistical methods used in economics to test and quantify economic theories?
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