Economics Basics Quiz
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Questions and Answers

What does microeconomics analyze?

  • Factors affecting employment and economic growth
  • Individual agents and markets, their interactions, and the outcomes of interactions (correct)
  • Interactions between economic agents at a macro level
  • Economic systems and production-consumption interactions

    • Which of the following is a distinction within economics?

  • The study of positive economics only
  • The study of rational economics only
  • The distinction between positive economics and normative economics (correct)
  • The application of economic theory to business and finance

    • Where can economic analysis be applied?

  • Politics and religion only
  • Science and the environment only
  • Feminism and law only
  • Business, finance, cybersecurity, health care, engineering, and government (correct)

    • What does macroeconomics analyze?

    <p>The economy as a system and the interactions of production, consumption, saving, and investment</p> Signup and view all the answers

    What are some examples of subjects to which economic analysis is applied?

    <p>Crime, education, the family, feminism, law, philosophy, politics, religion, social institutions, war, science, and the environment</p> Signup and view all the answers

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