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Basic Concepts of Economics: Video Quiz 3

Related Article: Learn more about money and economics.

This video offers a quiz on the microeconomic concepts presented in previous videos.

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Basic Concepts of Economics: Video Quiz 3 (2:11)

This video offers a quiz on the microeconomic concepts presented in previous videos.

Basic Concepts of Economics: Gaps in the Market (1:43)

Security and education are often not trusted to the market. The market often neglects social and environmental values.

Basic Concepts of Economics: Microeconomic Concepts (1:04)

In this video, microeconomics is defined.

Basic Concepts of Economics: Video Quiz 2 (2:11)

A quiz on the macroeconomic concepts presented in the previous videos.

Basic Concepts of Economics: Average and Median (3:09)

The difference between average and median is explored.

Basic Concepts of Economics: Macroeconomics (1:06)

Economics is the study of the use of resources to produce and distribute goods and services. The study of aggregates or averages is called macroeconomics.

Sketches of the World: Factors that Influence Markets (1:17)

Regardless of location or geography, a market is a gathering place for people to trade in goods and information.

Economics: A Young Couple's Roles in a Market Economy (5:38)

When people start their working careers, they usually begin in entry-level jobs. To progress to higher positions in a career, people must accumulate new job skills and experience.

Economics: Individual Decisions in a Market Economy (1:51)

In a free market economy, money and skills follow a circular flow among households, businesses and markets.

Economics: Private vs Public Sector Businesses (1:02)

The economy consists of the private and public sectors. Sometimes, the public sector takes over the private sector because of national interest. On the other hand, private companies can also compete with, and take business from, the public sector.