Podcast
Questions and Answers
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
- Global economic trends
- Individual agents and markets (correct)
- Government policies and regulations
- Macroeconomic indicators
Which distinction within economics involves describing 'what ought to be'?
Which distinction within economics involves describing 'what ought to be'?
- Rational economics
- Normative economics (correct)
- Behavioural economics
- Mainstream economics
Where can economic analysis be applied?
Where can economic analysis be applied?
- Agriculture, forestry, and fishing
- Sports, entertainment, and fashion
- Business, finance, and government (correct)
- Art, music, and literature
What does macroeconomics primarily analyze?
What does macroeconomics primarily analyze?
What are the broad distinctions within economics?
What are the broad distinctions within economics?
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
What does macroeconomics primarily analyze?
What does macroeconomics primarily analyze?
What are the broad distinctions within economics?
What are the broad distinctions within economics?
Where can economic analysis be applied?
Where can economic analysis be applied?
What is the distinction between rational and behavioral economics?
What is the distinction between rational and behavioral economics?