Economics Basics Quiz
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Questions and Answers

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?

    <p>Business, finance, cybersecurity, health care</p> Signup and view all the answers

    What is the focus of behavioral economics?

    <p>Rational decision-making</p> Signup and view all the answers

    What does macroeconomics analyze?

    <p>The economy as a system with production and consumption</p> Signup and view all the answers

    What is the focus of normative economics?

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

    Where can economic analysis be applied?

    <p>Science and the environment</p> Signup and view all the answers

    What does positive economics describe?

    <p>Describing 'what is'</p> Signup and view all the answers

    Which branch of economics focuses on rational and behavioral aspects?

    <p>Mainstream economics</p> Signup and view all the answers

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