Microeconomics Basics Quiz
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Microeconomics Basics Quiz

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@WellRegardedMossAgate5314

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Questions and Answers

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?

  • Environmental sustainability
  • Social and cultural influences
  • Technological advancements only
  • Production, consumption, saving, and investment (correct)

    • What does normative economics advocate?

  • Behavioural economics
  • Economic theory
  • "What is"
  • "What ought to be" (correct)

    • What are the main elements analyzed in macroeconomics?

    <p>Employment, inflation, economic growth</p> Signup and view all the answers

    In economics, what does rational economics primarily focus on?

    <p>Logical decision-making by economic agents</p> Signup and view all the answers

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