What two main branches of study can economics be divided into?
A) capitalism and communism
B) microeconomics and macroeconomics
C) demand and supply
D) capitalism and socialism

Question

Quizplus · Accepted Answer

The two main branches of economics are microeconomics and macroeconomics. Microeconomics focuses on individual consumer and producer behavior and their interactions in markets, while macroeconomics looks at the overall performance of the economy, including factors like inflation, unemployment, and economic growth. Choices A, C, and D do not accurately reflect the main branches of economics.

What Two Main Branches of Study Can Economics Be Divided