Economics Fundamentals Quiz
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which social science studies the production, distribution, and consumption of goods and services?

  • Psychology
  • Sociology
  • Economics (correct)
  • Anthropology

    • What does microeconomics analyze?

  • The outcomes of economic interactions
  • The factors affecting the economy
  • The behavior of economic agents (correct)
  • The economy as a system

    • What does macroeconomics analyze?

  • The behavior of economic agents
  • The economy as a system (correct)
  • The factors affecting the economy
  • The outcomes of economic interactions

    • What is the distinction between positive economics and normative economics?

    <p>Positive economics describes 'what is', while normative economics describes 'what ought to be'</p> Signup and view all the answers

    What is the distinction between economic theory and applied economics?

    <p>Economic theory develops frameworks and models, while applied economics uses those frameworks and models to analyze real-world problems</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser