Microeconomics Fundamentals Quiz
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Microeconomics Fundamentals Quiz

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Questions and Answers

What does microeconomics primarily analyze?

  • Global economic trends
  • Individual agents and markets (correct)
  • Macroeconomic policies
  • Social interactions and institutions

    • Which distinction within economics involves describing 'what ought to be'?

  • Normative economics (correct)
  • Rational economics
  • Behavioural economics
  • Heterodox economics

    • Where can economic analysis be applied in society?

  • Fashion and design
  • Business, finance, and government (correct)
  • Entertainment and sports
  • Art and literature

    • What does positive economics primarily describe?

    <p>'What is'</p> Signup and view all the answers

    What does macroeconomics analyze as a system?

    <p>Production, consumption, saving, and investment</p> Signup and view all the answers

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