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Microeconomics Fundamentals Quiz
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Microeconomics Fundamentals Quiz

Created by
@WittyArcticTundra

Questions and Answers

What does microeconomics primarily analyze?

  • Overall economy as a system
  • Public policies and their impact
  • Currency inflation and economic growth
  • Individual agents and markets (correct)

    • What is the focus of macroeconomics?

  • Positive and normative economics
  • Interactions of production, consumption, saving, and investment (correct)
  • Behaviour and interactions of economic agents
  • Employment of resources and economic growth

    • Which distinction in economics describes 'what is' and 'what ought to be'?

  • Economic theory and applied economics
  • Positive economics and normative economics (correct)
  • Microeconomics and macroeconomics
  • Rational and behavioural economics

    • What are the examples of individual agents in microeconomics?

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

    What does rational economics primarily focus on?

    <p>Predicting economic behavior based on rational decision-making</p> Signup and view all the answers

    What percentage of children in India are chronically undernourished?

    <p>43%</p> Signup and view all the answers

    What is the rank of India in terms of food security according to the Global Food Security Index in 2022?

    <p>68th</p> Signup and view all the answers

    How many undernourished people in India make up a quarter of the world's undernourished population?

    <p>Nearly 200 million</p> Signup and view all the answers

    What percentage of India's economic power is India operating at to ensure its citizens have adequate food security?

    <p>56.8%</p> Signup and view all the answers

    What percentage of daily food requirements does the current nutritional standards meet in India?

    <p>100%</p> Signup and view all the answers

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