Macroeconomics

What is macroeconomics?

• The study of agriculture

• A large company that deals with financing

• A branch of economics that deals with performance, structure, behavior, and decision making of an economy as a whole

• A math course

What is free trade?

• International trade with no restrictions

• Giving away free goods and services

• Taking goods from another country

What are two benefits of free trade?

• Working conditions

• Fuels economic growth

• Vulnerability

• Quality products for lower price

What type of economy is the United States?

• Pure Command Economy

• Traditional Economy

• Pure Market Economy

• Mixed Economy

What are the two benefits for Immigration?

• They pay taxes

• They fill labor needs

• They take a lot of jobs

• Overpopulation

Choose two ways unemployment can be reduced.

• Making it harder to get a job

• Increasing minimum wage

• Reducing minimum wage

• Expanding businesses