10 Questions
In economics, what does normative economics advocate?
"What ought to be"
What does microeconomics primarily analyze?
Individual agents and markets
Where can economic analysis be applied?
Business, finance, and government
What does macroeconomics analyze as a system?
Production, consumption, saving, and investment interactions
Where can economic analysis be applied besides business and finance?
Cybersecurity, health care, and engineering
What does microeconomics primarily analyze?
Individual agents and markets
What does normative economics advocate?
"What ought to be"
Where can economic analysis be applied?
Health care
What does macroeconomics analyze as a system?
"Production, consumption, saving, and investment"
What are the broad distinctions within economics?
Positive economics and normative economics
Test your knowledge of fundamental concepts in economics with this quiz. Explore topics such as production, distribution, consumption, microeconomics, and macroeconomics.
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