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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?
- Macroeconomics
- Positive economics
- Microeconomics (correct)
- Normative economics
What does macroeconomics analyze?
What does macroeconomics analyze?
- The resources of labour, capital, and land
- Factors affecting the economy as a system (correct)
- Individual agents and markets
- The production, distribution, and consumption of goods and services
What does positive economics describe?
What does positive economics describe?
- The theory and principles of economics
- The behavior and interactions of economic agents
- What ought to be
- What is (correct)
What does normative economics advocate?
What does normative economics advocate?
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What is another broad distinction within economics?
What is another broad distinction within economics?
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Economics is a social science that studies the production, distribution, and consumption of goods and services.
Economics is a social science that 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 factors does macroeconomics analyze?
What factors does macroeconomics analyze?
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What are the two broad distinctions within economics?
What are the two broad distinctions within economics?
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What are the two subfields within economics?
What are the two subfields within economics?
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