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Questions and Answers
What is the focus of microeconomics?
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'?
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?
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?
What is the main focus of macroeconomics?
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What are some examples of public policies that affect elements analyzed in economics?
What are some examples of public policies that affect elements analyzed in economics?
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