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Questions and Answers
What does microeconomics analyze in the economy?
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'?
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?
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?
What does macroeconomics analyze in the economy?
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Which type of economics describes 'what is'?
Which type of economics describes 'what is'?
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