The broad economic goals societies work to achieve are studied in _____.A.per capita economicsB.microeconomicsC.macroeconomicsD.domestic economics
Question
The broad economic goals societies work to achieve are studied in _____.A.per capita economicsB.microeconomicsC.macroeconomicsD.domestic economics
Solution
The broad economic goals societies work to achieve are studied in C. Macroeconomics. Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation.
Similar Questions
Positive economics seeks to: Group of answer choicesdetermine the most appropriate economic goals for society.determine what government economic policies are best.objectively explain how the economy functions.objectively explain how societies value different economic outcomes.
Goals of macroeconomic policy
What is one way societies make decisions about how goods should be produced?A.By reducing the number of factors of production needed to make goodsB.By avoiding scarcity and giving people unlimited resources to fulfill their wantsC.By allowing entrepreneurs to create new ideas to meet people's needsD.By forcing businesses to provide services to citizens for free at all times
In which economic system is distribution done according to the principle ‘from each person according to his needs and ability’.a. Communismb. Capitalismc. Socialismd. Oligarchy.
The study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individuals is __.Multiple choice question.economic philosophyeconomicssocialismcapitalism
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