Economics: Micro and Macroeconomics
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Questions and Answers

What does microeconomics analyze?

  • Overall economy as a system
  • Factors affecting employment
  • Individual agents and markets (correct)
  • Positive and normative economics

    • What is the focus of macroeconomics?

  • Differences between rational and behavioural economics
  • Interactions of production, consumption, saving, and investment (correct)
  • Factors affecting economic growth
  • Behaviour and interactions of economic agents

    • What is the distinction between positive economics and normative economics?

  • 'Economic theory' versus 'applied economics'
  • 'Mainstream economics' versus 'heterodox economics'
  • 'Rational economics' versus 'behavioural economics'
  • 'What is' versus 'what ought to be' (correct)

    • Where can economic analysis be applied?

    <p>Business, finance, cybersecurity, health care</p> Signup and view all the answers

    What are the broad distinctions within economics?

    <p>'Between positive economics and normative economics'</p> Signup and view all the answers

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