The Branch of Economics That Studies the Performance of the National

question 20

Multiple Choice

The branch of economics that studies the performance of the national economy and the global economy is

• A)macroeconomics.
• B)microeconomics.
• C)Keynesian economics.
• D)positive economics.
• E)normative economics.

---

Definitions:

Union Officials

Elected or appointed leaders within labor unions who represent and advocate for the interests of union members.

Industrial Unions

Industrial unions are labor organizations that represent all workers, regardless of job type, within an entire industry, aiming to negotiate wages, work conditions, and other employment issues.

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, setting out the terms and conditions of employment.

Economic Needs

The basic requirements for an individual's or society's well-being and functioning, including food, shelter, healthcare, and employment.