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Questions and Answers
What is the focus of macroeconomics?
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?
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'?
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?
Where can economic analysis be applied throughout society?
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What does heterodox economics represent a distinction from?
What does heterodox economics represent a distinction from?
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