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Economics Fundamentals Quiz
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Economics Fundamentals Quiz

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@TopsParrot

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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

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