Which of the Following Fields Is Concerned with the Production

question 83

Multiple Choice

Which of the following fields is concerned with the production, distribution, and consumption of goods and services?

• A) anthropology
• B) history
• C) economics
• D) political science

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Definitions:

Euros

The authorized monetary unit of the eurozone, adopted by 19 out of the 27 member states of the European Union.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another currency.

Net Exports

The gap between what a country earns from exports and spends on imports.

Net Capital Outflow

The difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreign residents over a specified period.