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Economics Fundamentals Quiz

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Questions and Answers

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'?

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?

Positive economics

Microeconomics (correct)

Normative economics

Macroeconomics

What is the focus of normative economics?

<p>Advocating 'what ought to be'</p> Signup and view all the answers

Which field of economics analyzes the economy as a whole and its overall performance?

<p>Macroeconomics</p> Signup and view all the answers

Economics Fundamentals Quiz

Choose a study mode

Podcast

Questions and Answers

What does macroeconomics analyze?

Which branch of economics describes 'what is' rather than 'what ought to be'?

Which field of study focuses on the behaviour and interactions of economic agents and how economies work?

What is the focus of normative economics?

Which field of economics analyzes the economy as a whole and its overall performance?

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Economics Fundamentals Quiz

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