5 Questions
What does microeconomics analyze?
Individual agents and markets
In economics, what does normative economics advocate?
"What ought to be"
Where can economic analysis be applied?
Business, finance, and government
What does macroeconomics analyze as a system?
Production, consumption, saving, and investment interaction
What are the broad distinctions within economics?
"Positive economics" and "normative economics"
Test your knowledge of economics, including micro and macroeconomics. Understand the production, distribution, and consumption of goods and services, and the behavior of economic agents in individual and market settings.
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