5 Questions
Which of the following fields is NOT typically characterized by the application of applied economics?
Macroeconomics
What is the purpose of applied economics from the perspective of economic development?
To enhance the quality of business practices and national policy making
Which of the following is NOT an approach used in applied economics?
Philosophical analysis
What does Roger Backhouse and Jeff Biddle argue regarding the concept of applied economics?
It has multiple meanings
What is indicative of the ambiguous nature of the concept of applied economics?
Its variety of approaches including case studies, historical analogy, and common sense
This quiz provides an overview of applied economics, focusing on its application of economic theory and econometrics to address practical issues in various fields such as demographic economics, labour economics, business economics, and more.
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