Microeconomics Fundamentals Quiz
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Questions and Answers

What does microeconomics analyze?

  • Individual agents and markets (correct)
  • Labour, capital, and land resources
  • Macroeconomic policies
  • Currency inflation and economic growth

    • What does macroeconomics analyze?

  • Individual agents and markets
  • The economy as a system and factors affecting it (correct)
  • Normative economics
  • Rational and behavioural economics

    • What are the broad distinctions within economics?

  • Positive economics and normative economics (correct)
  • Microeconomics and macroeconomics
  • Rational economics and behavioural economics
  • Applied economics and economic theory

    • What do individual agents in microeconomics include?

    <p>Households, firms, buyers, and sellers</p> Signup and view all the answers

    What are the factors affecting the economy analyzed in macroeconomics?

    <p>Employment of the resources of labour, capital, and land, currency inflation, economic growth</p> Signup and view all the answers

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