Economics can be divided into two main branches of study:
A)capitalism and communism.
B)capitalism and socialism.
C)demand and supply.
D)microeconomics and macroeconomics.
E)fiscal policy and monetary policy.

Question

Quizplus · Accepted Answer

Economics can be broadly classified into microeconomics and macroeconomics. Microeconomics studies the behavior of individuals and firms in making decisions regarding the allocation of resources while macroeconomics studies the behavior of the economy as a whole including economic growth, inflation, and unemployment.

Economics Can Be Divided into Two Main Branches of Study