Economics Basics Quiz
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Questions and Answers

What is the focus of macroeconomics?

  • Technological advancements in production
  • Market competition and pricing strategies
  • Economy as a system and its interactions (correct)
  • Individual financial decisions

    • What does microeconomics primarily analyze?

  • Government policies and regulations
  • Individual agents and markets (correct)
  • Global economic systems
  • International trade agreements

    • Which distinction within economics deals with 'what ought to be'?

  • Behavioural economics
  • Rational economics
  • Normative economics (correct)
  • Positive economics

    • Where can economic analysis be applied throughout society?

    <p>Business, finance, cybersecurity, and health care</p> Signup and view all the answers

    What does heterodox economics represent a distinction from?

    <p>Mainstream economics</p> Signup and view all the answers

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