Podcast
Questions and Answers
What does microeconomics analyze?
What does microeconomics analyze?
- Social interactions in the economy
- Macroeconomic policies
- Global economic systems
- Individual agents and markets (correct)
What are the broad distinctions within economics?
What are the broad distinctions within economics?
- Rational economics and irrational economics
- Traditional economics and modern economics
- Theoretical economics and practical economics
- Positive economics and normative economics (correct)
What does macroeconomics analyze?
What does macroeconomics analyze?
- Global economic trends
- Social behaviors in the economy
- The economy as a system with production, consumption, saving, and investment (correct)
- Microeconomic policies and their impacts
What is the focus of normative economics?
What is the focus of normative economics?
What are examples of individual agents in microeconomics?
What are examples of individual agents in microeconomics?