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Questions and Answers
What does microeconomics analyze?
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?
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?
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?
What do individual agents in microeconomics include?
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What are the factors affecting the economy analyzed in macroeconomics?
What are the factors affecting the economy analyzed in macroeconomics?
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