5 Questions
Which branch of economics analyzes the economy as a system where production, consumption, saving, and investment interact?
Macroeconomics
What does microeconomics analyze in the economy?
Individual agents and markets
What does normative economics advocate?
"What ought to be"
In which areas can economic analysis be applied throughout society?
All of the above
What does mainstream economics focus on?
"What is"
Test your knowledge of economics basics with this quiz focusing on the production, distribution, and consumption of goods and services, as well as the behavior and interactions of economic agents.
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