Economics

Economics focus on the study of ...

• ... the environment and its impact on human life.

• ... the production and distribution of goods and services.

• ... theories on profound questions in ethics.

• ... the structure and theory of governments.

More precisely, economics include the study of...

• human behavior when it comes to the use of resources

• production and consumption of goods and services

• the transfer of wealth between groups and individuals

• the material prosperity of a region

The main branches of mainstream economics are:

• Microeconomics

• Ecology

• Macroeconomics

• Metaeconomics

• Batmancomics

The following are important economic schools of thought:

• classical, modern, restauration and Biedemeier.

• classical, baroque, neo-classical and modern.

• classical, impressionist, abstract.

• classical, keynesian, neo-classical and marxian

A country's wealth is generally measured by its..

• Tax rate

• Main interest rate

• Gross Domestic Product

• Rate of Employment

• Net exports

The Gross Domestic Product is the measure of the value added through the production of ...

• ... labor and capital

• ... goods and services

• ... imports and exports

• ... offer and demand

Reorder the following countries, ranking from highest GDP to lowest GDP.

• Luxembourg

• Belgium

• Italy

• Germany

• United States

Answer explanation

The economic output per person is usually measured by the...

• ... total Gross Domestic Product (GDP) of the nation.

• ... GDP per capita.

• ... Value Added per company.

• ... Total consoumer spending.

Reorder the following countries, ranking from highest GDP per capita to lowest GDP per capita.

• United States

• Luxembourg

• Germany

• Burundi

• Italy

Answer explanation

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

A market price is determined by

• ... the government

• ... the company

• ... the most influential consumers

• ... offer and demand