5 Questions
What does microeconomics analyze?
The behavior of individual agents and markets
Which area does macroeconomics analyze?
Economic growth and public policies
In which areas can economic analysis be applied?
All of the above
What is the distinction between positive economics and normative economics?
Describing 'what is' and advocating 'what ought to be'
What is the focus of heterodox economics?
Advocating 'what ought to be'
Test your knowledge of economics with this quiz that covers the fundamental concepts of production, distribution, consumption, microeconomics, and macroeconomics.
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