5 Questions
What does microeconomics analyze?
Individual agents and markets, their interactions, and the outcomes of interactions
Which of the following is a distinction within economics?
The distinction between positive economics and normative economics
Where can economic analysis be applied?
Business, finance, cybersecurity, health care, engineering, and government
What does macroeconomics analyze?
The economy as a system and the interactions of production, consumption, saving, and investment
What are some examples of subjects to which economic analysis is applied?
Crime, education, the family, feminism, law, philosophy, politics, religion, social institutions, war, science, and the environment
Test your knowledge of economics with this quiz covering the fundamental concepts of production, distribution, and consumption of goods and services, as well as microeconomics and macroeconomics.
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