Microeconomics Basics Quiz
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Microeconomics Basics Quiz

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@ToughDesert

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Questions and Answers

What does microeconomics primarily analyze?

  • Currency inflation
  • Global economic systems
  • Individual agents and markets (correct)
  • Macroeconomic policies

    • What is the focus of normative economics?

  • Advocating 'what ought to be' (correct)
  • Rational economics
  • Describing 'what is'
  • Global economic systems

    • In macroeconomics, what does the economy as a system analyze?

  • Individual agents and markets
  • Currency inflation
  • Production, consumption, saving, and investment interactions (correct)
  • Global economic systems

    • What does positive economics describe?

    <p>Describing 'what is'</p> Signup and view all the answers

    What does behavioural economics encompass?

    <p>The study of how individuals make economic decisions</p> Signup and view all the answers

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