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Economics Basics Quiz

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Questions and Answers

What are the basic elements analyzed in microeconomics?

Individual agents and markets

What does macroeconomics analyze as a system?

Production, consumption, saving, and investment

What are the two broad distinctions within economics?

Positive economics and normative economics

In which areas can economic analysis be applied throughout society?

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

What are the two distinctions within economics related to economic theory?

<p>Rational economics and behavioural economics</p> Signup and view all the answers

Economics Basics Quiz

Choose a study mode

Podcast

Questions and Answers

What are the basic elements analyzed in microeconomics?

What does macroeconomics analyze as a system?

What are the two broad distinctions within economics?

In which areas can economic analysis be applied throughout society?

What are the two distinctions within economics related to economic theory?

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