Microeconomics Fundamentals Quiz
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does microeconomics analyze?

  • Currency inflation and economic growth
  • Overall economy as a system
  • Individual agents and markets (correct)
  • Factors affecting employment

What is the focus of macroeconomics?

  • Behaviour and interactions of economic agents
  • Analysis of individual agents and markets
  • Factors affecting employment
  • Interaction of production, consumption, saving, and investment (correct)

What is the distinction between positive economics and normative economics?

  • Rational economics vs behavioural economics
  • Describing 'what is' vs advocating 'what ought to be' (correct)
  • Economic theory vs applied economics
  • Analysis of individual agents vs markets

Which agents may be included in the analysis of microeconomics?

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

What is the focus of behavioural economics?

<p>Understanding the psychological factors influencing economic decisions (D)</p> Signup and view all the answers

More Like This

Microeconomics Fundamentals Quiz
5 questions
Microeconomics Fundamentals Quiz
5 questions

Microeconomics Fundamentals Quiz

FashionableLapisLazuli avatar
FashionableLapisLazuli
Microeconomics Fundamentals Quiz
5 questions

Microeconomics Fundamentals Quiz

PurposefulTourmaline9605 avatar
PurposefulTourmaline9605
Use Quizgecko on...
Browser
Browser