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Questions and Answers
What does microeconomics analyze in the economy?
What does microeconomics analyze in the economy?
- Currency inflation
- Public policies
- Macroeconomic factors
- Individual agents and markets (correct)
Which type of economics advocates 'what ought to be'?
Which type of economics advocates 'what ought to be'?
- Positive economics
- Rational economics
- Behavioural economics
- Normative economics (correct)
Where can economic analysis be applied throughout society?
Where can economic analysis be applied throughout society?
- Engineering and government only
- Various sectors including business, finance, cybersecurity, health care, and more (correct)
- Cybersecurity and health care only
- Business and finance only
In which type of economics do economic theory and applied economics fall?
In which type of economics do economic theory and applied economics fall?
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What does macroeconomics analyze in the economy as a system?
What does macroeconomics analyze in the economy as a system?
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