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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?
- Psychology
- Economics (correct)
- Political Science
- Sociology
What does microeconomics analyze?
What does microeconomics analyze?
- The behavior and interactions of economic agents (correct)
- The economy as a system
- The outcomes of economic interactions
- Factors affecting the economy
What does macroeconomics analyze?
What does macroeconomics analyze?
- The outcomes of economic interactions
- The economy as a system (correct)
- Factors affecting the economy
- The behavior and interactions of economic agents
What is the distinction between positive and normative economics?
What is the distinction between positive and normative economics?
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What is the distinction between economic theory and applied economics?
What is the distinction between economic theory and applied economics?
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Which branch of economics focuses on the behavior and interactions of individual agents and markets?
Which branch of economics focuses on the behavior and interactions of individual agents and markets?
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What does macroeconomics analyze as a system?
What does macroeconomics analyze as a system?
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Which branch of economics advocates 'what ought to be'?
Which branch of economics advocates 'what ought to be'?
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What are some examples of individual agents in economics?
What are some examples of individual agents in economics?
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What is the distinction between economic theory and applied economics?
What is the distinction between economic theory and applied economics?
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