Podcast
Questions and Answers
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
- International trade dynamics
- Macroeconomic indicators
- Government policies and regulations
- Individual agents and markets (correct)
Which factors does macroeconomics analyze as part of the economy?
Which factors does macroeconomics analyze as part of the economy?
- Environmental sustainability
- Social and cultural influences
- Technological advancements only
- Production, consumption, saving, and investment (correct)
What does normative economics advocate?
What does normative economics advocate?
- Behavioural economics
- Economic theory
- "What is"
- "What ought to be" (correct)
What are the main elements analyzed in macroeconomics?
What are the main elements analyzed in macroeconomics?
In economics, what does rational economics primarily focus on?
In economics, what does rational economics primarily focus on?