5 Questions
What does microeconomics analyze?
Individual agents and markets
What does macroeconomics analyze?
Economy as a system and its interactions
What is the distinction between positive economics and normative economics?
Describing 'what is' vs advocating 'what ought to be'
Where can economic analysis be applied?
Business, finance, health care, and government
What does mainstream economics focus on?
Rational economics
Test your knowledge of the fundamental concepts in economics with this quiz. Explore the principles of microeconomics and macroeconomics, which delve into the behavior of individual economic agents and the economy as a whole.
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