SOPHIA LEANING MACROECONOMICS
CHALLENGE 1.1: KEY PRINCIPLES OF
MACROECONOMICS. EXAM
QUESTIONS AND ANSWERS. VERIFIED
2025/2026.
Macroeconomics - ANS An area of study that focuses on the impact of variables on the
economic infrastructure in its entirety on a regional, national, and global level.
Microeconomics - ANS An area of economic study that focuses on specific markets, choices,
and behaviors that affect price, cost, and demand.
Social Science - ANS An academic discipline that requires an examination of the variables that
affect the quality of human life.
Why do people make choices in economics? - ANS A fundamental idea in economics is that
people make choices for good reasons.
Business Cycle - ANS The movement of an economy through expansion, peaks, contraction,
and troughs over time; an assessment of economic activity over time.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
CHALLENGE 1.1: KEY PRINCIPLES OF
MACROECONOMICS. EXAM
QUESTIONS AND ANSWERS. VERIFIED
2025/2026.
Macroeconomics - ANS An area of study that focuses on the impact of variables on the
economic infrastructure in its entirety on a regional, national, and global level.
Microeconomics - ANS An area of economic study that focuses on specific markets, choices,
and behaviors that affect price, cost, and demand.
Social Science - ANS An academic discipline that requires an examination of the variables that
affect the quality of human life.
Why do people make choices in economics? - ANS A fundamental idea in economics is that
people make choices for good reasons.
Business Cycle - ANS The movement of an economy through expansion, peaks, contraction,
and troughs over time; an assessment of economic activity over time.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
