Economics Basics Quiz

Individual agents and markets (correct)

Macroeconomic systems and policies

Global trade and international relations

Consumer behavior and preferences

Describing 'what is' versus advocating 'what ought to be' (correct)

Exploring theoretical concepts versus practical applications

Analyzing developed economies versus developing economies

Focusing on short-term effects versus long-term effects

Business, finance, and government (correct)

Sports, entertainment, and leisure

Art, literature, and music

Agriculture, forestry, and fishing

<p>Production, consumption, saving, and investment interactions</p> Signup and view all the answers

<p>Positive versus normative economics</p> Signup and view all the answers