1. Economics is defined as the study of ... in the everyday business of life.
a) industry b) mankind c) income
2. Economics studies the general life of our communities in order to understand ... .
a) how to use money b) the behaviour of the financial markets c) the economic laws
3. Microeconomics studies ... .
a) the whole economic system b) individual producers, consumers or markets c) upswings in economy
4. Macroeconomics studies ... .
a) the economy as a whole b) factors of production c) the resources of a country
5. ... makes predictions for national economy.
a) mankind b) individual producers c) economics