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Questions and Answers
Which branch of economics focuses on the behavior and interactions of economic agents?
Which branch of economics focuses on the behavior and interactions of economic agents?
- Microeconomics (correct)
- Positive economics
- Normative economics
- Macroeconomics
What does macroeconomics analyze?
What does macroeconomics analyze?
- Positive economics
- Normative economics
- Factors affecting the economy (correct)
- Individual agents and markets
What is the distinction between positive economics and normative economics?
What is the distinction between positive economics and normative economics?
- Positive economics describes 'what is' and normative economics describes 'what ought to be' (correct)
- Positive economics advocates 'what is' and normative economics advocates 'what ought to be'
- Positive economics describes 'what ought to be' and normative economics describes 'what is'
- Positive economics advocates 'what ought to be' and normative economics advocates 'what is'
What does rational economics focus on?
What does rational economics focus on?
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What does behavioural economics focus on?
What does behavioural economics focus on?
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Which social science studies the production, distribution, and consumption of goods and services?
Which social science studies the production, distribution, and consumption of goods and services?
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What does microeconomics analyze?
What does microeconomics analyze?
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What does macroeconomics analyze?
What does macroeconomics analyze?
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What is the distinction between economic theory and applied economics?
What is the distinction between economic theory and applied economics?
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