Economics: Micro and Macro Analysis
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Questions and Answers

What does microeconomics primarily analyze?

  • Macroeconomic indicators
  • Global economic trends
  • Government policies and regulations
  • Individual agents and markets (correct)

    • Which distinction within economics involves describing 'what ought to be'?

  • Rational economics
  • Normative economics (correct)
  • Positive economics
  • Behavioural economics

    • Where can economic analysis be applied?

  • Business, finance, and government (correct)
  • Sports, entertainment, and media
  • Art, literature, and music
  • Agriculture, mining, and construction

    • What does macroeconomics primarily analyze as a system?

    <p>Production, consumption, saving, and investment interactions</p> Signup and view all the answers

    What are the broad distinctions within economics?

    <p>Positive economics and normative economics</p> Signup and view all the answers

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