6 Questions
What are the two main categories mentioned in the text?
Micro and macro
Which category pertains to small-scale phenomena?
Micro
Which category refers to the study of large-scale systems or phenomena?
Macro
What is the study of how individuals, households, and firms make decisions about allocating resources?
Microeconomics
Which field of economics deals with the overall workings of a national economy, including GDP, unemployment, and inflation?
Macroeconomics
What is the statistical methods used in economics to test and quantify economic theories?
Econometrics
Test your knowledge of the concepts of micro and macro in this quiz. Explore the differences between the two main categories and identify which one relates to small-scale phenomena and which one pertains to the study of large-scale systems or phenomena.
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