Economics Basics Quiz

Factors affecting employment of the resources of labour, capital, and land

Individual agents and markets, their interactions, and the outcomes of interactions (correct)

Positive economics describing 'what is'

The economy as a system where production, consumption, saving, and investment interact

Describing 'what is'

Analyzing individual agents and markets

Advocating 'what ought to be' (correct)

Factors affecting economic growth

Only in government policies

Throughout society including business, finance, cybersecurity, health care, engineering, and government (correct)

Primarily in social institutions

Exclusively in business and finance

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