Question

1. write a topic we would learn about in macroeconomics. *

your answer

1. write about a topic we would learn in microeconomics. *

your answer

1. what is the basic economic problem that all people and societies face? *

your answer

Explanation:

• Question 3: Macroeconomics focuses on the economy as a whole. Topics include national income, inflation, unemployment, and economic growth. For example, "Gross Domestic Product (GDP) calculation and analysis" is a common macroeconomic topic.
• Question 4: Microeconomics deals with individual economic units. Topics include consumer behavior, firm behavior, market structures (e.g., perfect competition, monopoly). For example, "How a firm decides its profit - maximizing output level in a competitive market" is a microeconomic topic.
• Question 5: The basic economic problem is scarcity. Resources (land, labor, capital, entrepreneurship) are limited, but human wants are unlimited. So, societies and people have to make choices about how to allocate these scarce resources.

Answer:

1. Gross Domestic Product (GDP) calculation and analysis
2. How a firm decides its profit - maximizing output level in a competitive market
3. Scarcity (limited resources and unlimited wants)