Questions and Answers
Which of the following is a factor of production?
Entrepreneurship
Which of the following is not an economic concept?
Gravity and magnetism
What is the main objective of macroeconomics?
Analyzing the overall performance of the economy
What does microeconomics primarily analyze in the economy?
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Which type of economics describes 'what ought to be'?
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In which areas can economic analysis be applied throughout society?
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What type of economics focuses on the interaction of production, consumption, saving, and investment in the economy?
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Which economic concept distinguishes between 'what is' and 'what ought to be'?
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