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Economics Basics Quiz

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Questions and Answers

What does microeconomics analyze?

Individual agents and markets (correct)

Government policies and regulations

Consumer behavior and preferences

National economies and global trade

Which distinction within economics pertains to 'what ought to be'?

Behavioural economics

Normative economics (correct)

Positive economics

Rational economics

Where can economic analysis be applied?

Music, art, and literature

Sports, entertainment, and gaming

Business, finance, and government (correct)

Agriculture, forestry, and fishing

What does macroeconomics analyze as a system?

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

What are the factors affecting macroeconomics as mentioned in the text?

<p>Employment of labor, capital, land; currency inflation; economic growth; public policies</p> Signup and view all the answers

Economics Basics Quiz

Choose a study mode

Podcast

Questions and Answers

What does microeconomics analyze?

Which distinction within economics pertains to 'what ought to be'?

Where can economic analysis be applied?

What does macroeconomics analyze as a system?

What are the factors affecting macroeconomics as mentioned in the text?

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