Podcast
Questions and Answers
What does microeconomics analyze?
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'?
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?
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?
What does macroeconomics analyze as a system?
What are some examples of resources analyzed in macroeconomics?
What are some examples of resources analyzed in macroeconomics?
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
Which distinction within economics involves advocating 'what ought to be'?
Which distinction within economics involves advocating 'what ought to be'?
In what areas can economic analysis be applied?
In what areas can economic analysis be applied?
What does macroeconomics analyze as a system?
What does macroeconomics analyze as a system?
What are some examples of resources analyzed in macroeconomics?
What are some examples of resources analyzed in macroeconomics?