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2 cards from this section. Quick, good the night before a test.
What is the definition of economics?
Think about what economics studies in everyday life.
Explain the difference between microeconomics and macroeconomics.
One looks at small scale choices and the other at large-scale issues.
What does economics primarily study?
Consider what economics aims to help us understand!
True or False: Microeconomics deals with large-scale economic issues.
Think about the size of the issues each branch addresses.
You have a budget of $100 to spend on books, games, or concerts. Define your choice and explain the opportunity cost involved.
List the alternatives you considered and what you decided on.
A government must decide between funding education or healthcare. Discuss factors affecting the decision and its implications.
Consider societal impacts and prioritize based on current needs.
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