CHAPTER 1: INTRODUCTION TO ECONOMICS MBA1192C

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This game test the student understanding about the definition of economics, the differences between microeconomics and macroeconomics, the basic concepts of economics, and the basic economic problem.

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Rosana Zamora

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CHAPTER 1: INTRODUCTION TO ECONOMICS MBA1192C

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Froggy Jumps CHAPTER 1: INTRODUCTION TO ECONOMICS MBA1192CVersión en línea This game test the student understanding about the definition of economics, the differences between microeconomics and macroeconomics, the basic concepts of economics, and the basic economic problem. por Rosana Zamora 1 Studying how Mary allocates her time between work and leisure is an example of a macroeconomics. b microeconomics. c empirical economics. 2 A study on why a farmer chooses to grow dragon fruit instead of star fruit despite higher production costs would be considered as a public finance. b macroeconomics. c microeconomics. 3 Microeconomics is concerned with a changes in the overall level of economic activities. b the entire economic system. c specific unit of the economic system 4 The study of how wages are set for primary school teachers is considered as a microeconomics. b macroeconomics. c institutional economics. 5 Which of the following is concern with microeconomics? a Price of sugar increases to RM2.30 per kilogram. b General price of goods increase c Economic growth of a country is expected to grow less than 5%. 6 The basic difference between microeconomics and macroeconomics is that a Microeconomics: individual consumers and firms, macroeconomics: the whole economy. b Microeconomics: individual consumers and firms, macroeconomics:behavior of individual firms. c microeconomics： aggregate economy， macroeconomics： behavior of individual markets.

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