Economics Basics Quiz
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Questions and Answers

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'?

  • Positive economics
  • Rational economics
  • Behavioural economics
  • Normative economics (correct)
  • 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?

    <p>Mainstream economics</p> Signup and view all the answers

    What does macroeconomics analyze in the economy as a system?

    <p>Saving and investment interact</p> Signup and view all the answers

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