Study guides, Class notes & Summaries

Week 1 quiz Question 1 of 10 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 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 An economic system is the set of rules that define _______ and _______ . A. resources; prices B. who gets to vote; when elections ...