5 Questions
What does microeconomics analyze in the economy?
Individual agents and markets, their interactions, and the outcomes of interactions
Which branch of economics focuses on employment of labor, capital, and land?
Macroeconomics
What does normative economics advocate?
"What ought to be"
In which fields can economic analysis be applied?
Business, finance, cybersecurity, health care, and government
Which branch of economics includes the distinction between mainstream and heterodox economics?
Economic theory
Test your knowledge of basic economic concepts with this quiz. Explore topics such as production, distribution, consumption, microeconomics, and macroeconomics.
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