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Questions and Answers
Which branch of economics focuses on the behavior and interactions of individual agents and markets?
Which branch of economics focuses on the behavior and interactions of individual agents and markets?
- Microeconomics (correct)
- Macroeconomics
- Normative economics
- Positive economics
What does macroeconomics analyze?
What does macroeconomics analyze?
- The production, distribution, and consumption of goods and services
- Individual agents and markets
- The economy as a system and factors affecting it (correct)
- The behavior and interactions of economic agents
What are some factors that macroeconomics analyzes?
What are some factors that macroeconomics analyzes?
- Employment, inflation, economic growth, and public policies (correct)
- Individual agents and markets
- The behavior and interactions of economic agents
- The production, distribution, and consumption of goods and services
What is the main focus of positive economics?
What is the main focus of positive economics?
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What is the main focus of normative economics?
What is the main focus of normative economics?
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Which of the following is NOT a focus of microeconomics?
Which of the following is NOT a focus of microeconomics?
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Which branch of economics studies the production, distribution, and consumption of goods and services?
Which branch of economics studies the production, distribution, and consumption of goods and services?
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What does normative economics advocate?
What does normative economics advocate?
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Which factors does macroeconomics analyze?
Which 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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