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Questions and Answers
What does microeconomics analyze?
What does microeconomics analyze?
- Interactions of economic agents in the economy
- Macroeconomic factors affecting the economy
- The behavior of individual agents and markets (correct)
- The interaction of production and consumption
Which area does macroeconomics analyze?
Which area does macroeconomics analyze?
- Engineering and government
- Business and finance
- Cybersecurity and health care
- Economic growth and public policies (correct)
In which areas can economic analysis be applied?
In which areas can economic analysis be applied?
- Crime, education, and the family
- Feminism, law, and philosophy
- Politics, religion, and social institutions
- All of the above (correct)
What is the distinction between positive economics and normative economics?
What is the distinction between positive economics and normative economics?
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What is the focus of heterodox economics?
What is the focus of heterodox economics?
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