Economics Basics Quiz

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What does microeconomics analyze?

Economic growth and public policies

Social institutions and war

Macroeconomic factors

Individual agents and markets (correct)

Which branch of economics analyzes the economy as a system with production, consumption, saving, and investment interactions?

Heterodox economics

Rational economics

Macroeconomics (correct)

Positive economics

What does normative economics advocate?

"What ought to be" (correct)

Economic theory

"What is"

Applied economics

Where can economic analysis be applied throughout society?

Business, finance, cybersecurity, health care Signup and view all the answers

What is the focus of behavioral economics?

Rational decision-making Signup and view all the answers

What does macroeconomics analyze?

The economy as a system with production and consumption Signup and view all the answers

What is the focus of normative economics?

Advocating 'what ought to be' Signup and view all the answers

Where can economic analysis be applied?

Science and the environment Signup and view all the answers

What does positive economics describe?

Describing 'what is' Signup and view all the answers

Which branch of economics focuses on rational and behavioral aspects?

Mainstream economics Signup and view all the answers

Economics Basics Quiz

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Questions and Answers

What does microeconomics analyze?

Which branch of economics analyzes the economy as a system with production, consumption, saving, and investment interactions?

What does normative economics advocate?

Where can economic analysis be applied throughout society?

What is the focus of behavioral economics?

What does macroeconomics analyze?

What is the focus of normative economics?

Where can economic analysis be applied?

What does positive economics describe?

Which branch of economics focuses on rational and behavioral aspects?

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