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Questions and Answers
What does microeconomics analyze in the economy?
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?
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?
What does normative economics advocate?
- Rational economics
- Applied economics
- "What is"
- "What ought to be" (correct)
In which fields can economic analysis be applied?
In which fields can economic analysis be applied?
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Which branch of economics includes the distinction between mainstream and heterodox economics?
Which branch of economics includes the distinction between mainstream and heterodox economics?
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