Economics Basics Quiz
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Questions and Answers

What does microeconomics primarily analyze?

  • Macroeconomic indicators
  • International trade patterns
  • Individual agents and markets (correct)
  • Government policies and regulations

    • Which distinction in economics relates to 'what ought to be'?

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

    • Where can economic analysis be applied throughout society?

  • Sports and recreation
  • Arts and entertainment
  • Agriculture and forestry
  • Business, finance, and government (correct)

    • What does macroeconomics primarily analyze?

    <p>Economy as a system and its interactions</p> Signup and view all the answers

    Which type of economics focuses on 'what is'?

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

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