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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?
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What are examples of individual agents in microeconomics?
What are examples of individual agents in microeconomics?
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