Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
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?
Signup and view all the answers
What is the distinction between economic theory and applied economics?
What is the distinction between economic theory and applied economics?
Signup and view all the answers
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?
Signup and view all the answers
What does macroeconomics analyze as a system?
What does macroeconomics analyze as a system?
Signup and view all the answers
Which branch of economics advocates 'what ought to be'?
Which branch of economics advocates 'what ought to be'?
Signup and view all the answers
What are some examples of individual agents in economics?
What are some examples of individual agents in economics?
Signup and view all the answers
What is the distinction between economic theory and applied economics?
What is the distinction between economic theory and applied economics?
Signup and view all the answers
Flashcards are hidden until you start studying
