Podcast
Questions and Answers
What is the focus of microeconomics?
What is the focus of microeconomics?
- Investigating public policies impacting society
- Examining factors affecting currency inflation
- Analyzing employment and economic growth
- Studying individual agents and markets (correct)
What is the distinction between positive economics and normative economics?
What is the distinction between positive economics and normative economics?
- Distinguishing between rational and behavioural economics
- Focusing on economic theory vs applied economics
- Describing 'what is' vs advocating 'what ought to be' (correct)
- Separating mainstream economics and heterodox economics
Where can economic analysis be applied?
Where can economic analysis be applied?
- Exclusively in the field of finance
- Only to social institutions and science
- Primarily in the realm of cybersecurity and engineering
- Throughout society including business, finance, and government (correct)
What does macroeconomics analyze as a system?
What does macroeconomics analyze as a system?
What are the broad distinctions within economics?
What are the broad distinctions within economics?
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