Scarcity of resources

Overabundance of goods

Inequality of wealth

Technological stagnation

Government regulations

Supply and demand

Cost of production

Consumer preferences

As more of a good or service is consumed, the additional satisfaction derived from each unit decreases.

As more of a good or service is consumed, the additional satisfaction derived from each unit increases.

As more of a good or service is consumed, the additional satisfaction derived from each unit remains constant.

As more of a good or service is consumed, the additional satisfaction derived from each unit becomes negative.

Microeconomics focuses on individual markets and behavior, while macroeconomics focuses on the economy as a whole.

Microeconomics focuses on the economy as a whole, while macroeconomics focuses on individual markets and behavior.

Microeconomics focuses on short-term economic fluctuations, while macroeconomics focuses on long-term economic trends.

Microeconomics focuses on long-term economic trends, while macroeconomics focuses on short-term economic fluctuations.

To regulate markets and protect consumers

To provide public goods and services

To redistribute income and wealth

All of the above

A sustained increase in the general price level of goods and services

A sustained decrease in the general price level of goods and services

A temporary increase in the general price level of goods and services

A temporary decrease in the general price level of goods and services

They are positively correlated.

They are negatively correlated.

They are not correlated.

The relationship is complex and depends on various factors.

A recession is a mild economic downturn, while a depression is a severe economic downturn.

A recession is a severe economic downturn, while a depression is a mild economic downturn.

A recession is a temporary economic downturn, while a depression is a permanent economic downturn.

A recession is a permanent economic downturn, while a depression is a temporary economic downturn.

To promote economic growth and development

To reduce poverty and inequality

To foster cooperation and peace among nations

All of the above

Climate change and environmental degradation

Technological disruption and automation

Rising inequality and social unrest

All of the above

Investing in renewable energy and sustainable technologies

Promoting education and lifelong learning

Strengthening social safety nets

All of the above

To ensure that economic policies and practices are fair and just

To promote economic efficiency and growth

To protect the environment and natural resources

All of the above

The distribution of income and wealth

The impact of economic policies on the environment

The rights of workers and consumers

All of the above

By designing economic policies that reduce poverty and inequality

By investing in education and healthcare

By promoting equal opportunities for all

All of the above

Economics will become increasingly interdisciplinary, drawing on insights from other fields such as psychology, sociology, and environmental science.

Economics will become more data-driven, with the use of big data and artificial intelligence to analyze economic trends and make predictions.

Economics will become more globalized, as the world becomes increasingly interconnected.

All of the above