Microeconomics Basics Quiz
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Microeconomics Basics Quiz

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Questions and Answers

What does microeconomics primarily analyze?

  • Political interactions
  • Individual agents and markets (correct)
  • Cultural influences on economies
  • Global economic systems

    • What is the focus of macroeconomics?

  • The economy as a system and its interactions (correct)
  • Social factors influencing economics
  • Micro-level economic behavior
  • Environmental impacts on economies

    • What are the broad distinctions within economics?

  • Positive economics and behavioral economics
  • Applied economics and economic theory
  • Rational economics and behavioral economics
  • Positive economics and normative economics (correct)

    • What does normative economics advocate?

    <p>What ought to be</p> Signup and view all the answers

    What is the focus of behavioral economics?

    <p>Understanding how individuals make economic decisions</p> Signup and view all the answers

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