Economics: Micro and Macro Analysis

Positive and normative economics

The economy as a system where production, consumption, saving, and investment interact

Individual agents and markets, their interactions, and the outcomes of interactions (correct)

Factors affecting employment of resources and economic growth

Crime, education, the family, feminism, law, philosophy, politics, religion

Business, finance, cybersecurity, health care, engineering, and government (correct)

Production, consumption, saving, and investment

Social institutions, war, science, and the environment

Between mainstream economics and heterodox economics

Between positive economics and normative economics (correct)

Between rational and behavioral economics

Between economic theory and applied economics

<p>The economy as a system where production, consumption, saving, and investment interact</p> Signup and view all the answers

<p>Employment of the resources of labour, capital, and land; currency inflation; economic growth; public policies</p> Signup and view all the answers