________ Studies the Operation of a Nation's Economy as a Whole

question 181

Multiple Choice

________ studies the operation of a nation's economy as a whole.

• A) Microeconomics
• B) Socioeconomics
• C) Econometrics
• D) Macroeconomics

---

Definitions:

Industrial Expansion

Industrial expansion denotes the widespread increase in production and distribution of goods due to advancements in technology, transportation, and communication, transforming economies and societies in the process.

Agricultural Diversification

The practice of growing a variety of crops or raising different types of livestock on a farm to reduce risk and increase sustainability.

William McKinley

The 25th President of the United States, serving from 1897 until his assassination in 1901, known for leading the nation during the Spanish-American War and promoting economic growth.