Into which two core categories is the study of economics divided?
A)data collection and forecasting
B)macroeconomics and microeconomics
C)production and consumption
D)supply economics and demand economics

Question

Quizplus · Accepted Answer

The two core categories of economics are macroeconomics, which focuses on the broader aspects of the economy such as inflation, economic growth, and government policies, and microeconomics, which analyzes the behavior of individuals and firms in making decisions regarding the allocation of resources. The other options (A, C, and D) are not accurate categories of economics.

Into Which Two Core Categories Is the Study of Economics