10 Questions
What does microeconomics primarily 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 in the economy?
Production, consumption, saving, and investment interactions
What are the broad distinctions within economics?
Positive economics and normative economics
According to Thucydides, what virtues did civic education aim to instill in Spartans?
Toughness, obedience, cunning, simplicity, and preparedness
What did Archidamus II emphasize as the basis for Spartan wisdom?
Education with too little learning to despise the laws and with severe self-control to obey them
What approach did Spartans take in preparing against an enemy?
Basing preparations on the assumption that the enemy's plans are good
According to Archidamus II, where should Spartan hopes be rested?
On the soundness of their provisions rather than a belief in enemy blunders
What did Archidamus II teach Spartans about their enemies' schemes?
To consider that the schemes of their enemies are not dissimilar to their own
Test your knowledge of microeconomics and macroeconomics with this quiz. Learn about the basic elements of the economy, individual agents, markets, and the outcomes of interactions. Explore the analysis of the economy as a whole, including factors like inflation, unemployment, and economic growth.
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