Introduction to Economics 1 Deneme Sınavı Sorusu #1090126
Which one of the following statements about economics is false?
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Economics studies how individuals and societies prioritize their needs and choose to use scarce resources at their disposal. |
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Economics could be defined as the study of how society sets priorities in managing its scarce resources. |
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Economists study human behavior as a relationship between unlimited ends and scarce means with alternative uses. |
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Economics has three major branches: microeconomics and development economics, |
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Main problems that economics addresses include what to produce, how to produce and for whom to produce. |
Economics has two major branches: microeconomics and macroeconomics. Microeconomics is the branch of economics that examines the decision making behavior of the smallest decision-making units such as the individuals, or households and the business firms. Macroeconomics is the branch of economics that examines the aggregate behavior of economic agents and the government on a national scale.
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