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Economics Quiz
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Economics Quiz

Created by
@ManageableCatSEye

Questions and Answers

Which social science studies the production, distribution, and consumption of goods and services?

  • Sociology
  • Psychology
  • Anthropology
  • Economics (correct)

    • What does microeconomics analyze?

  • The factors affecting the economy
  • The economy as a system
  • The outcomes of economic interactions
  • The behavior of economic agents (correct)

    • What does macroeconomics analyze?

  • The factors affecting the economy
  • The outcomes of economic interactions
  • The behavior of economic agents
  • The economy as a system (correct)

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

    <p>Positive economics describes 'what is', while normative economics describes 'what ought to be'</p> Signup and view all the answers

    What is the distinction between economic theory and applied economics?

    <p>Economic theory focuses on theoretical concepts, while applied economics focuses on practical applications</p> Signup and view all the answers

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