macroeconomics class

the study of how individuals make decisions in the society is what

• Macroeconomics

• Microeconomics

• none of the above

• all of the above

the study of how the entire economy work is what?

• Macroeconomics

• Microeconomics

• none of the above

• all of the above

The law of Demand states that the higher the price the lower the quantity demanded, true or false?

• False

• True

The law of Supply states that the higher the price the lower the quantity supplied, true or false?

• False

• True

which of this is NOT a type of economic system?

• free Market economy

• Planned economy

• mixed Economy

• Foreign economy

economic institution differs from country to country True or False?

• False

• True

which of this is not a MACROECONOMICS variable

• Inflation

• unemployment

• interest rate

• household goods

______________ is about making choices

• Economics

• Microeconomics

• macroeconomics

• Scholars School System

there is scarcity because as human.....

• we all want the same thing

• we all love to share things

• our wants/needs are unlimited

• our wants/needs are limited