Question
Economics can be divided into two fields: macroeconomics (dealing with nation- and community-level income and employment) and microeconomics (dealing with supply and demand and how
Economics can be divided into two fields: macroeconomics (dealing with nation- and community-level income and employment) and microeconomics (dealing with supply and demand and how they impact price, profit, and rents). In general, economics can be considered the study of
Answer Options:
a. production (manufacturing or extraction), distribution (supply chains), money (markets), and consumption (use) of goods (things) and services.
b. production (manufacturing or extraction), distribution (supply chains), exchange (markets), and consumption (use) of services but not goods as that's a different market.
c. production (manufacturing or extraction), distribution (supply chains), exchange (markets), and consumption (use) of resources.
d. production (manufacturing or extraction), distribution (supply chains), exchange (markets), and consumption (use) of goods (things) and services.
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