The two core categories within the field of economics are:
A) production and consumption.
B) data collection and forecasting.
C) macroeconomics and microeconomics.
D) supply economics and demand economics.

Question

Quizplus · Accepted Answer

The two core categories within the field of economics are macroeconomics and microeconomics. Macroeconomics deals with the overall performance of the economy, including issues such as inflation, unemployment, and economic growth, while microeconomics focuses on individual decision-making by consumers, firms, and households. The other options, production and consumption, data collection and forecasting, and supply economics and demand economics, are all secondary topics within these two core categories.

The Two Core Categories Within the Field of Economics Are