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Economics Quiz
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Economics Quiz

Created by
@ResourcefulPlatypus

Questions and Answers

Which field of study focuses on the behavior and interactions of economic agents and how economies work?

  • Sociology
  • Psychology
  • Economics (correct)
  • Anthropology

    • What does microeconomics analyze?

  • The production and consumption of goods and services
  • The factors affecting the economy
  • The economy as a system
  • The behavior of economic agents (correct)

    • What does macroeconomics analyze?

  • The production and consumption of goods and services
  • The factors affecting the economy
  • The behavior of economic agents
  • The economy as a system (correct)

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

    <p>Positive economics focuses on 'what is' while normative economics focuses on '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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