Microeconomics Basics Quiz
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Questions and Answers

What does microeconomics primarily analyze?

  • Factors affecting employment
  • Individual agents and markets (correct)
  • Public policies impact on the economy
  • The economy as a system
  • Which distinction within economics involves describing 'what ought to be'?

  • Rational economics
  • Mainstream economics
  • Economic theory
  • Positive economics (correct)
  • Where can economic analysis be applied?

  • Feminism, law, and religion
  • Health care, engineering, and cybersecurity
  • Business, finance, and government (correct)
  • Science, the environment, and social institutions
  • What does macroeconomics primarily analyze?

    <p>The economy as a system</p> Signup and view all the answers

    What are the broad distinctions within economics?

    <p>Positive and normative economics</p> Signup and view all the answers

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