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Questions and Answers
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
- Macroeconomic policies
- Individual agents and markets (correct)
- Economic growth and development
- Global economic systems
What is the focus of macroeconomics?
What is the focus of macroeconomics?
- Microeconomic policies
- Individual consumer behavior
- Market equilibrium
- The economy as a system and its interactions (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'
- Describing 'what is' vs advocating 'what ought to be' (correct)
- Describing 'what is' vs predicting 'what will be'
- Advocating 'what is' vs describing 'what ought to be'
What does rational economics primarily focus on?
What does rational economics primarily focus on?
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What is the main concern of behavioural economics?
What is the main concern of behavioural economics?
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