Economics Basics Quiz

Factors affecting employment and economic growth

Behaviour of economic agents and how economies work

Analysis of the economy as a system

Interactions of individual agents and markets (correct)

Cybersecurity analysts

Political parties

Labour unions

Households (correct)

Positive economics looks at individual agents while normative economics looks at markets.

Positive economics analyzes microeconomics while normative economics analyzes macroeconomics.

Positive economics describes 'what is' while normative economics advocates 'what ought to be'. (correct)

Positive economics focuses on economic theory while normative economics focuses on applied economics.

<p>Factors affecting employment and economic growth</p> Signup and view all the answers

<p>Mainstream economics is based on rational decision-making while heterodox economics incorporates behavioural economics.</p> Signup and view all the answers

<p>Health care</p> Signup and view all the answers

<p>'Positive' vs. 'normative' economics</p> Signup and view all the answers

<p>'Normative' vs. 'positive' economics</p> Signup and view all the answers