Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
What is the focus of microeconomics?
What is the focus of microeconomics?
- Analysis of government policies
- Analysis of individual agents and markets (correct)
- Analysis of global economic systems
- Analysis of historical economic trends
What does macroeconomics analyze?
What does macroeconomics analyze?
- The behavior of individual agents in the economy
- The historical development of economic theories
- The impact of international trade on the economy
- The economy as a system and factors affecting it (correct)
What are the broad distinctions within economics?
What are the broad distinctions within economics?
- Microeconomics and macroeconomics
- Behavioral economics and theoretical economics
- Positive economics and normative economics (correct)
- Global economics and local economics
What does normative economics advocate?
What does normative economics advocate?
Signup and view all the answers
What is the main focus of economics?
What is the main focus of economics?
Signup and view all the answers
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
Signup and view all the answers
What does macroeconomics primarily analyze?
What does macroeconomics primarily analyze?
Signup and view all the answers
What does normative economics advocate?
What does normative economics advocate?
Signup and view all the answers
What are the main elements analyzed in macroeconomics?
What are the main elements analyzed in macroeconomics?
Signup and view all the answers
What is the focus of behavioural economics?
What is the focus of behavioural economics?
Signup and view all the answers
Flashcards are hidden until you start studying
