Macroeconomics Quizlet Chapter 1. The study of the overall aspects and workings of an economy. The part of economics concerned with (1) decision making by individual units such as household, a firm, or an industry and (2) individual markets, specific goods and services, and product and resource prices.
Study with quizlet and memorize flashcards containing terms like macroeconomics, average labor productivity, business cycles and more. Factors that motivate a person to act or exert effort. The part of economics concerned with the performance and behavior of the economy as a whole. Cram.com makes it easy to get the grade you want! Answer choices $3.5 $10.0 $15.5. Web 1.people face trade off 2.the cost of something is what you give up to get it 3.rational people think at the margin 4.people respond to incentives 5.trade can make everyone better off 6.markets are usually a good way to organize economic activity 7.governments can sometimes improve market outcomes Web 25 questions show answers question 1 60 seconds q. The quiz below will test how well you know its basics and concepts. Chapter 1 in economics, the pleasure, happiness or satisfaction received from a product is called what? Are you ready to take this test?
Web 25 questions show answers question 1 60 seconds q. In calculating gdp of that sector, we know that the total value added of that sector is. Answer choices $3.5 $10.0 $15.5. Chapter 1 flashcards | quizlet macroeconomics: Web 1.people face trade off 2.the cost of something is what you give up to get it 3.rational people think at the margin 4.people respond to incentives 5.trade can make everyone better off 6.markets are usually a good way to organize economic activity 7.governments can sometimes improve market outcomes Web 25 questions show answers question 1 60 seconds q. Quickly memorize the terms, phrases and much more. The study of the overall aspects and workings of an economy. Chapter 1 in economics, the pleasure, happiness or satisfaction received from a product is called what? 2013 click to rate hated it click to rate didn't like it click to rate liked it click to rate really liked it click to rate loved it favorite add to folder flag flashcards memorize test games tweet related essays market system vs command system analysis Choose from 5,000 different sets of macroeconomics chapter 1 flashcards on quizlet.
