The Two Broad Fields That Make Up the Subject of Economics

question 19

Multiple Choice

The two broad fields that make up the subject of economics are:

• A) microeconomics and macroeconomics.
• B) personal investments and business investments.
• C) fiscal policy and monetary policy.
• D) imports and exports.

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Definitions:

Contractual Obligation

A duty, promise, or performance that is legally binding under a contract.

Frustrated

Feeling upset or annoyed as a result of being unable to change or achieve something.

Performance

The accomplishment of a task or duty in accordance with a contract, including the delivery of goods or services.

Full Satisfaction

The complete fulfillment or settlement of a debt, obligation, or another requirement.