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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?
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What does behavioral economics primarily focus on?
What does behavioral economics primarily focus on?
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