Podcast
Questions and Answers
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
- Individual agents and markets (correct)
- Government policies and regulations
- Macroeconomic indicators
- Global economic trends
Which factors does macroeconomics analyze as part of the economy?
Which factors does macroeconomics analyze as part of the economy?
- Social and cultural influences
- Technological advancements
- Environmental sustainability
- Production, consumption, saving, and investment (correct)
What is the distinction between positive economics and normative economics?
What is the distinction between positive economics and normative economics?
- Describing 'what ought to be' vs. advocating 'what is'
- Analyzing current economic policies vs. forecasting future economic trends
- Describing 'what is' vs. advocating 'what ought to be' (correct)
- Evaluating microeconomic theories vs. macroeconomic theories
What are the primary economic agents analyzed in microeconomics?
What are the primary economic agents analyzed in microeconomics?
What does behavioral economics primarily focus on?
What does behavioral economics primarily focus on?