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Questions and Answers
What does macroeconomics analyze?
What does macroeconomics analyze?
- Production, distribution, and consumption of goods and services
- Individual agents and markets
- Factors affecting the economy (correct)
- Economic policies
Which branch of economics describes 'what is' rather than 'what ought to be'?
Which branch of economics describes 'what is' rather than 'what ought to be'?
- Rational economics
- Positive economics (correct)
- Behavioural economics
- Normative economics
Which field of study focuses on the behaviour and interactions of economic agents and how economies work?
Which field of study focuses on the behaviour and interactions of economic agents and how economies work?
- Positive economics
- Microeconomics (correct)
- Normative economics
- Macroeconomics
What is the focus of normative economics?
What is the focus of normative economics?
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Which field of economics analyzes the economy as a whole and its overall performance?
Which field of economics analyzes the economy as a whole and its overall performance?
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