Microeconomics Basics Quiz
10 Questions
0 Views

Microeconomics Basics Quiz

Created by
@InfluentialSparrow

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the focus of macroeconomics?

  • Market equilibrium and price determination
  • Economy as a system and its interactions (correct)
  • Firm-level production and cost analysis
  • Micro-level consumer behavior

    • What does microeconomics primarily analyze?

  • Macroeconomic indicators
  • International trade and global markets
  • Individual agents and markets (correct)
  • Government policies and regulations

    • What do positive economics describe?

  • What ought to be
  • What is (correct)
  • Future economic predictions
  • Ideal economic scenarios

    • What is the main focus of normative economics?

    <p>Advocating 'what ought to be'</p> Signup and view all the answers

    What are the key elements analyzed in macroeconomics?

    <p>Production, consumption, saving, and investment</p> Signup and view all the answers

    What does the money supply refer to in macroeconomics?

    <p>Total volume of money held by the public at a particular point in time</p> Signup and view all the answers

    Which of the following is usually included in standard measures of money supply?

    <p>Currency in circulation and demand deposits</p> Signup and view all the answers

    Who usually records and publishes money supply data?

    <p>National statistical agency or central bank</p> Signup and view all the answers

    What are empirical money supply measures usually named?

    <p>M1, M2, M3, etc.</p> Signup and view all the answers

    Which part of the money supply consists of deposits in commercial banks?

    <p>By far the largest part</p> Signup and view all the answers

    More Like This

    Microeconomics Basics Quiz
    5 questions

    Microeconomics Basics Quiz

    RomanticWisdom6578 avatar
    RomanticWisdom6578
    Microeconomics Basics Quiz
    5 questions

    Microeconomics Basics Quiz

    WellRegardedMossAgate5314 avatar
    WellRegardedMossAgate5314
    Microeconomics Basics Quiz
    10 questions

    Microeconomics Quiz: Test Your Understanding of Basics

    AmenableSugilite3434 avatar
    AmenableSugilite3434
    Microeconomics Basics Quiz
    16 questions

    Microeconomics Basics Quiz

    HumourousVerism avatar
    HumourousVerism
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser