Principles of Economics Winterterm 2023/2024 Quiz

Mankiw, N.G.: Economics, Fourth Edition, Cengage Learning EMEA, 2017 and Baßeler, U.: Grundlagen und Probleme der Volkswirtschaft, 19. Aufl., Schäffer-Poeschel Verlag, Stuttgart 2010

From the regard to their own interest of the butcher, the brewer, or the baker

1.) Economists are armed and dangerous: Watch out for our invisible hands. 2.) Economists can offer IT on demand. 3.) Economists can talk about money without earning a cent.

<p>Of the Principle which gives Occasion to the Division of Labour</p> Signup and view all the answers

<p>Mick Jagger and Arnold Schwarzenegger</p> Signup and view all the answers

<p>If you are drunk, you can tell everyone that you are exploring the diminishing marginal utility.</p> Signup and view all the answers

<p>How do changes in the price of a good affect the quantity demanded? How do changes in income affect the demand for a good? How does the price of a substitute or complementary good affect demand?</p> Signup and view all the answers

<p>What causes inflation and how can it be controlled? What factors contribute to economic growth? How do changes in interest rates affect overall economic activity?</p> Signup and view all the answers

<p>Supply and Demand, Companies and Administration, Healthcare Market (price and quantity), Negotiations, Bureaucracy, Elections, Parliaments</p> Signup and view all the answers

<p>Council of Economic Experts, Deutsches Institut für Wirtschaftsforschung DIW, ifo-Institut für Wirtschaftsforschung, Institut für Weltwirtschaft, Institut für Wirtschaftsforschung, Institut der Deutschen Wirtschaft, Institut für Makroökonomie und Konjunkturforschung IMK, Zentrum für Europäische Wirtschaftsforschung ZEW, Statistisches Bundesamt</p> Signup and view all the answers

<p>International Monetary Fund, World Bank, OECD, Bank for International Settlements, Europaen Commission, Europaen Central Bank</p> Signup and view all the answers

<p>Economics helps managers and politicians understand market processes, which is essential for making informed decisions related to resource allocation, policy-making, and strategic planning.</p> Signup and view all the answers

<p>Microeconomics focuses on individual markets, the behavior of consumers and firms, and the determination of prices in specific markets.</p> Signup and view all the answers

<p>Macroeconomics focuses on the economy as a whole, including issues such as economic growth, unemployment, inflation, and the role of government in influencing economic outcomes.</p> Signup and view all the answers

<p>Deutsches Institut für Wirtschaftsforschung DIW, ifo-Institut für Wirtschaftsforschung, Institut für Weltwirtschaft, Institut für Wirtschaftsforschung, Institut der Deutschen Wirtschaft, Institut für Makroökonomie und Konjunkturforschung IMK, Zentrum für Europäische Wirtschaftsforschung ZEW, Statistisches Bundesamt</p> Signup and view all the answers

<p>International Monetary Fund, World Bank, OECD, Bank for International Settlements, Europaen Commission, Europaen Central Bank</p> Signup and view all the answers