Which of the following BEST describes macroeconomics?
A) It is not a social science because its predictions cannot be tested.
B) It examines how the choices that individuals make affect governments.
C) It analyses the aggregate effects on the national economy of the choices made by individuals, firms and governments.
D) Proving causation is never a problem for macroeconomics.
E) It studies the choices that individuals and businesses make when coping with scarcity
Correct Answer:
Verified
Q1: The primary focus of microeconomics is
A) to
Q2: When Tesla decides to increase production of
Q3: Scarcity exists because:
A) human wants exceed the
Q5: When an electricity distribution company decides to
Q6: Which of the following is a microeconomic
Q7: The question of 'What goods and services
Q8: Which of the following statements best describes
Q9: Scarcity forces people to:
A) cheat and steal.
B)
Q10: Economics is best defined as the social
Q11: Which of the following is a macroeconomic
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