Micro

What term deals with the study of specific components within a major economy?

the amount of a good that consumers are willing and able to purchase at a particular price

lowest legal price that can be paid for a good or service

What does this curve represent?

• supply

• equilibrium

• demand

• surplus

The diagram represents a

• increase in demand

• decrease in demand

• change in quantity demand

• none of the above

What term refers to the study of individual markets and the behavior of consumers and firms within those markets?

• Microeconomics

• Macroeconomics

• Sociology

• Anthropology

Which of the following is a key focus of micro-level analysis in social studies?

• Individual behavior

• National policies

• Global trends

• Historical events

What is the term for small-scale social interactions and their impact on society?

• Micro-sociology

• Macro-sociology

• Cultural anthropology

• Political science

Which concept in social studies examines the influence of small groups on individual behavior?

• Micro-dynamics

• Macro-dynamics

• Globalization

• Urbanization

What is the study of small-scale economic activities and their impact on local communities called?

• Microeconomics

• Macroeconomics

• Economic geography

• International trade