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Questions and Answers
Which field of study focuses on the behavior and interactions of economic agents and how economies work?
Which field of study focuses on the behavior and interactions of economic agents and how economies work?
- Microeconomics (correct)
- Normative economics
- Positive economics
- Macroeconomics
What does macroeconomics analyze?
What does macroeconomics analyze?
- Factors affecting the economy (correct)
- The production, distribution, and consumption of goods and services
- Individual agents and markets
- The behavior and interactions of economic agents
What does normative economics advocate for?
What does normative economics advocate for?
- Describing 'what ought to be' (correct)
- Describing 'what is'
- Analyzing the behavior of economic agents
- Analyzing economic agents and markets
Which branch of economics describes 'what is' rather than 'what ought to be'?
Which branch of economics describes 'what is' rather than 'what ought to be'?
Which branch of economics analyzes the economy as a system and factors affecting it?
Which branch of economics analyzes the economy as a system and factors affecting it?
Which branch of economics analyzes the basic elements in the economy, including individual agents and markets?
Which branch of economics analyzes the basic elements in the economy, including individual agents and markets?
What does positive economics describe?
What does positive economics describe?
Which field of study focuses on the factors affecting the economy, such as employment, inflation, and economic growth?
Which field of study focuses on the factors affecting the economy, such as employment, inflation, and economic growth?
What does normative economics advocate for?
What does normative economics advocate for?
Which branch of economics focuses on the behavior and interactions of economic agents and how economies work?
Which branch of economics focuses on the behavior and interactions of economic agents and how economies work?
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