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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?
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In economics, what does rational economics primarily focus on?
In economics, what does rational economics primarily focus on?
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