indian economic development
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Questions and Answers

What does microeconomics analyze?

  • International trade dynamics
  • Individual agents and markets (correct)
  • Global economic systems
  • Macroeconomic policies

    • Which distinction within economics involves describing 'what ought to be'?

  • Behavioural economics
  • Rational economics
  • Positive economics
  • Normative economics (correct)

    • Where can economic analysis be applied?

  • Construction, transportation, and hospitality
  • Sports, entertainment, and fashion
  • Agriculture, forestry, and fishing
  • Business, finance, and government (correct)

    • What does macroeconomics analyze as a system?

    <p>Production, consumption, saving, and investment (C)</p> Signup and view all the answers

    What are some examples of resources analyzed in macroeconomics?

    <p>Labour, capital, and land (B)</p> Signup and view all the answers

    What does microeconomics primarily analyze?

    <p>Individual agents and markets (B)</p> Signup and view all the answers

    Which distinction within economics involves advocating 'what ought to be'?

    <p>Normative economics (B)</p> Signup and view all the answers

    In what areas can economic analysis be applied?

    <p>Business, finance, and government (B)</p> Signup and view all the answers

    What does macroeconomics analyze as a system?

    <p>Production, consumption, saving, and investment interactions (D)</p> Signup and view all the answers

    What are some examples of resources analyzed in macroeconomics?

    <p>Labour, capital, and land (C)</p> Signup and view all the answers

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