Economics Basics Quiz
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Questions and Answers

Which branch of economics analyzes the economy as a system where production, consumption, saving, and investment interact?

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

    • What does microeconomics analyze in the economy?

  • Macroeconomic factors
  • Currency inflation
  • Public policies
  • Individual agents and markets (correct)

    • What does normative economics advocate?

  • "Basic elements in the economy"
  • "What is"
  • "What ought to be" (correct)
  • "How economies work"

    • In which areas can economic analysis be applied throughout society?

    <p>All of the above</p> Signup and view all the answers

    What does mainstream economics focus on?

    <p>&quot;What is&quot;</p> Signup and view all the answers

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