5 Questions
What does microeconomics analyze?
The interactions of individual agents and markets
What does macroeconomics analyze?
The economy as a system where production, consumption, saving, and investment interact
What is the distinction between positive economics and normative economics?
Positive economics describes 'what is', while normative economics advocates 'what ought to be'
Where can economic analysis be applied?
Throughout society, including business, finance, cybersecurity, health care, engineering, and government
What does mainstream economics focus on?
Rational economics
Test your knowledge of the fundamental concepts and principles of economics with this quiz. Learn about microeconomics, macroeconomics, and the behavior of economic agents.
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