Economics Basics Quiz
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Questions and Answers

What does microeconomics analyze in the economy?

  • Positive economics and its influence on public policies
  • Individual agents and markets, their interactions, and the outcomes of interactions (correct)
  • Normative economics and its impact on economic growth
  • Macroeconomic factors affecting production and consumption

    • Which branch of economics focuses on employment of labor, capital, and land?

  • Rational economics
  • Macroeconomics (correct)
  • Heterodox economics
  • Behavioural economics

    • What does normative economics advocate?

  • Rational economics
  • Applied economics
  • "What is"
  • "What ought to be" (correct)

    • In which fields can economic analysis be applied?

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

    Which branch of economics includes the distinction between mainstream and heterodox economics?

    <p>Economic theory</p> Signup and view all the answers

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