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FAN AND MEDAL!!! LOT OF POINTS!!!

Economics is the study of

AProduction technology
BConsumption decisions
CHow society decides what, how, and for whom to produce
DThe best way to run society

The law of demand states that as price __________ demand __________.

Agoes up; goes down
Bgoes up; goes up
Cgoes down; goes down
Dgoes down; stays the same

Macroeconomics is the study of

AIndividual building blocks in the economy
BThe relationship between different sectors of the economy
CHousehold purchase decisions
DThe economy as a whole

Verified Answer :

  1. b. Consumption decisions 

    2. a.     a. goes up; goes down

    3.     d. The economy as a whole

    Hope this helps!

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