Economics: Micro and Macroeconomics
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Questions and Answers

What is the focus of microeconomics?

  • Study of factors affecting employment and economic growth
  • Study of production, consumption, saving, and investment
  • Analysis of the economy as a system
  • Analysis of individual agents and markets (correct)

    • Which type of economics describes 'what ought to be'?

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

    • Where can economic analysis be applied throughout society?

  • Environmental science only
  • Business, finance, cybersecurity, health care, and government (correct)
  • Cybersecurity and war only
  • Business and finance only

    • What is the main focus of macroeconomics?

    <p>Study of currency inflation and economic growth</p> Signup and view all the answers

    What are some examples of public policies that affect elements analyzed in economics?

    <p>Policies related to employment, economic growth, and currency inflation</p> Signup and view all the answers

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