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Micro vs
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Micro vs

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Questions and Answers

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?

  • Small
  • Micro (correct)
  • Minute
  • Tiny

    • 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?

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

    Which field of economics deals with the overall workings of a national economy, including GDP, unemployment, and inflation?

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

    What is the statistical methods used in economics to test and quantify economic theories?

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

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