5 Questions
What does microeconomics analyze?
Individual agents and markets, their interactions, and the outcomes of interactions
Where can economic analysis be applied throughout society?
Business, finance, cybersecurity, health care, engineering, and government
What are the broad distinctions within economics?
Between positive economics and normative economics
What does macroeconomics analyze?
The economy as a system where production, consumption, saving, and investment interact
What are the elements analyzed in macroeconomics?
Employment of the resources of labour, capital, and land; currency inflation; economic growth; public policies
Test your knowledge of economics with this quiz that covers the basic elements of the economy, including individual agents, markets, interactions, and macroeconomic analysis. Learn more about the production, distribution, and consumption of goods and services.
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