Microeconomics

______________________ is concerned with what is happening in individual markets.

• Microeconomics

• Macroeconomics

____________________ is concerned with what is happening in the whole economy

• microeconomics

• macroeconomics

Decision makers are also known as _______________.

They are households, firms and governments

• economic agents

• private sector

• public sector

Households decisions to buy less rice reduced the profit of farmers. Which branch of economics covers these two changes

• Microeconomics: Households decisions Macroeconomics: Rice farmer's profits

• Microeconomics: Households decisions Microeconomics: Rice farmer's profits

• Macroeconomics: Households decisions Macroeconomics: Rice farmer's profits

Higher tax revenue are likely to be aim of _____________

• Household

• Firms

• Government

Many different sources of raw materials are likely to be aim of _____________.

• Households

• Firms

• Government

Many different sellers of consumer goods are likely to be the aim of _____________.

• Household

• firms

• Government

An arrangement which brings buyers into contact with sellers

• Market

• Economy

• Industry

• Private sector and public sector

Firms owned by individuals and shareholders.

• Public sector

• Private sector

• economic activities

• export

The part of the economy controlled by the government

• Market economy

• Private sector

• Public sector