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Questions and Answers
What does microeconomics analyze?
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?
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 does normative economics advocate?
- "What ought to be" (correct)
- Economic theory
- "What is"
- Applied economics
Where can economic analysis be applied throughout society?
Where can economic analysis be applied throughout society?
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What is the focus of behavioral economics?
What is the focus of behavioral economics?
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What does macroeconomics analyze?
What does macroeconomics analyze?
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What is the focus of normative economics?
What is the focus of normative economics?
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Where can economic analysis be applied?
Where can economic analysis be applied?
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What does positive economics describe?
What does positive economics describe?
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Which branch of economics focuses on rational and behavioral aspects?
Which branch of economics focuses on rational and behavioral aspects?
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