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Questions and Answers
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
- International trade dynamics
- Government policies and regulations
- Macroeconomic indicators
- Individual agents and markets (correct)
What is the focus of macroeconomics?
What is the focus of macroeconomics?
- Interactions of production, consumption, saving, and investment (correct)
- Behaviour and interactions of economic agents
- Factors affecting employment and inflation
- Analysis of individual agents and markets
What is the distinction between positive economics and normative economics?
What is the distinction between positive economics and normative economics?
- Distinguishing rational vs behavioural economics
- Comparing economic theory vs applied economics
- Describing 'what is' vs advocating 'what ought to be' (correct)
- Analyzing microeconomics vs macroeconomics
What are the examples of individual agents in microeconomics?
What are the examples of individual agents in microeconomics?
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What does behavioral economics study?
What does behavioral economics study?
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