Economics: Micro and Macroeconomics
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Questions and Answers

What does microeconomics analyze?

  • Government policies and regulations
  • Global economic systems
  • Individual agents and markets (correct)
  • International trade and commerce

    • In economics, what does normative economics advocate?

  • "What has been"
  • "What is"
  • "What ought to be" (correct)
  • "What will be"

    • Where can economic analysis be applied?

  • Business, finance, and government (correct)
  • Sports, entertainment, and recreation
  • Agriculture, forestry, and fishing
  • Art, literature, and music

    • What does macroeconomics analyze as a system?

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

    What are the broad distinctions within economics?

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

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