Economics Basics Quiz
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Questions and Answers

What does microeconomics analyze in the economy?

  • Individual agents and markets (correct)
  • Production, consumption, saving, and investment
  • Macroeconomic factors
  • Interactions of economic agents

    • Which type of economics focuses on 'what ought to be'?

  • Rational economics
  • Positive economics
  • Economic theory
  • Normative economics (correct)

    • Where can economic analysis be applied in society?

  • Music and entertainment
  • Fashion and design
  • Sports and leisure
  • Health care and engineering (correct)

    • What does macroeconomics analyze in the economy?

    <p>Factors affecting production, consumption, saving, and investment</p> Signup and view all the answers

    Which type of economics describes 'what is'?

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

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