Podcast
Questions and Answers
Which social science studies the production, distribution, and consumption of goods and services?
Which social science studies the production, distribution, and consumption of goods and services?
- Sociology
- Psychology
- Anthropology
- Economics (correct)
What does microeconomics analyze?
What does microeconomics analyze?
- The factors affecting the economy
- The production, consumption, saving, and investment
- The behaviour and interactions of economic agents (correct)
- The economy as a system
What does macroeconomics analyze?
What does macroeconomics analyze?
- The behaviour and interactions of economic agents
- The production, consumption, saving, and investment
- The economy as a system (correct)
- The factors affecting the economy
What is the distinction between economic theory and applied economics?
What is the distinction between economic theory and applied economics?
What is the distinction between positive economics and normative economics?
What is the distinction between positive economics and normative economics?
Which field of economics focuses on the performance, structure, behavior, and decision-making of an entire economy?
Which field of economics focuses on the performance, structure, behavior, and decision-making of an entire economy?
What are some of the topics studied in macroeconomics?
What are some of the topics studied in macroeconomics?
What is the focus of analysis in microeconomics?
What is the focus of analysis in microeconomics?
Which field of economics studies the interaction of markets to produce large-scale phenomena?
Which field of economics studies the interaction of markets to produce large-scale phenomena?
What are the two most general fields in economics?
What are the two most general fields in economics?
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