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Questions and Answers
What does microeconomics primarily analyze?
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'?
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?
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?
What does positive economics primarily describe?
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What does macroeconomics analyze as a system?
What does macroeconomics analyze as a system?
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