04 Jun Question Question 1 of 10 10.0 Points The branch of economics that examines the impact
Question
Question 1 of 10
10.0 Points
The branch of economics that examines the impact of choices on aggregates in the economy is:
A.positive economics.
B.normative economics.
C.macroeconomics.
D.microeconomics.
Question 2 of 10
10.0 Points
When we are forced to make choices we are facing the concept of:
A.ceteris paribus.
B.free goods.
C.scarcity.
D.the margin.
Question 3 of 10
10.0 Points
An economic system is the set of rules that define _______ and _______ .
A.resources; prices
B.who gets to vote; when elections will be held
C.market prices; factors of production
D.how an economy’s resources are to be owned; how decisions about the resources are to be m
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