Microeconomics Fundamentals Quiz

Global economic systems

Macroeconomic policies

Individual agents and markets (correct)

International trade agreements

Political factors affecting the economy

Micro-level interactions of individual agents and markets

System-level interactions of production, consumption, saving, and investment (correct)

Environmental impacts on economic systems

Describing 'what ought to be' vs advocating 'what is'

Advocating 'what is' vs describing 'what ought to be'

Describing 'what is' vs predicting 'what will be'

Describing 'what is' vs advocating 'what ought to be' (correct)

<p>Assumptions of rational behavior in economic agents</p> Signup and view all the answers

<p>Understanding the psychological factors influencing economic decisions</p> Signup and view all the answers