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.

Recognize the role and advantages of e-portfolios in showcasing professional skills and qualifications.

Learn effective meeting and conversation participation strategies in a business environment.

Distinguish between primary and secondary data and understand their applications.

Identify key elements to include in and exclude from the introduction of a presentation.

---

Definitions:

U.S.GAAP

The Generally Accepted Accounting Principles in the United States, a standard framework of guidelines for financial accounting.

Research And Development

The systematic work undertaken by a company to increase the knowledge for developing new products or processes.

Internally Generated Intangibles

Non-physical assets, such as patents, trademarks, and copyrights, that are created within a company rather than acquired.

Property Rights

Legal rights to possess, use, and dispose of property, including real estate and intellectual property.