71. Which economic system is characterized by government ownership of resources and centralized decision-making in economic activities?
a) Capitalism
b) Socialism
c) Communism
d) Mixed economy
72. Which economic system is characterized by government ownership of all resources and central planning of economic activities?
a) Capitalism
b) Socialism
c) Communism
d) Mixed economy
73. Which economic system is a combination of private and government ownership of resources and decision-making in economic activities?
a) Capitalism
b) Socialism
c) Communism
d) Mixed economy
74. Which branch of economics studies the behavior of individuals and firms in making decisions about the allocation of scarce resources?
a) Microeconomics
b) Macroeconomics
c) Development economics
d) Environmental economics
75. Which branch of economics studies the aggregate behavior of the economy, including topics like inflation, unemployment, and economic growth?
a) Microeconomics
b) Macroeconomics
c) Development economics
d) Environmental economics
