Economics Basics Quiz
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Questions and Answers

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?

  • Engineering and government
  • Business and finance
  • Cybersecurity and health care
  • Economic growth and public policies (correct)

    • 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?

    <p>Describing 'what is' and advocating 'what ought to be'</p> Signup and view all the answers

    What is the focus of heterodox economics?

    <p>Advocating 'what ought to be'</p> Signup and view all the answers

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