Multiple Choice
The branch of economics that studies the aggregate decisions of all households and all firms is called:
A) positive economics.
B) normative economics.
C) microeconomics.
D) macroeconomics.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Microeconomics differs from macroeconomics in that:<br>A)microeconomics studies
Q3: The fundamental economic problem is:<br>A)poverty.<br>B)unemployment.<br>C)scarcity.<br>D)inflation.
Q4: Difficulty in prediction social sciences is the
Q5: Which of the following questions is addressed
Q6: The problem of scarcity:<br>A)exists because resources are
Q7: Which of the following topics would be
Q8: The branch of economics that studies the
Q9: "The government should levy higher taxes on
Q10: In his book, The Wealth of Nations,
Q11: "A reduction in the rate at which