Economics is the social science that studies the choices that individuals, businesses, governments, and entire societies make as they cope with scarcity and the incentives that influence and reconcile those choices.

Macroeconomics is the study of choices that individuals and businesses make, the way those choices interact in markets, and the influence of governments.

The inflation rate in Malaysia increased by 1.5% between Q1 and Q2 of 2022. The statement is a __________ statement.

Economic output refers to the _________.

Goods and services are produced by using __________ that economists call __________.

Which of the following is the correct combination of factors of production?

The factor that organizes other factors of production is __________

The two dimensions of social interest are

Objective and fact-based statements are classified as __________ statements.

"The 12th Malaysia Plan should allocate more funds to education and healthcare." The statement is a __________ statement.