Podcast
Questions and Answers
What does microeconomics focus on?
What does microeconomics focus on?
- Individual agents and markets, their interactions, and the outcomes of interactions (correct)
- Describing 'what ought to be' in the economy
- Factors affecting employment of the resources of labour, capital, and land
- The economy as a system where production, consumption, saving, and investment interact
What does macroeconomics analyze?
What does macroeconomics analyze?
- Individual agents and markets, their interactions, and the outcomes of interactions
- The economy as a system where production, consumption, saving, and investment interact (correct)
- Factors affecting employment of the resources of labour, capital, and land
- Describing 'what ought to be' in the economy
What are the broad distinctions within economics?
What are the broad distinctions within economics?
- Economic theory and applied economics
- Positive economics and normative economics (correct)
- Describing 'what ought to be' and 'what is' in the economy
- Rational economics and behavioural economics
What does positive economics describe?
What does positive economics describe?
What does normative economics advocate?
What does normative economics advocate?
In biological classification, which taxonomic rank is a group of related taxonomic orders?
In biological classification, which taxonomic rank is a group of related taxonomic orders?
Who first introduced the class as a distinct rank of biological classification with its own distinctive name?
Who first introduced the class as a distinct rank of biological classification with its own distinctive name?
In the hierarchy of biological classification, which rank is between phylum and order?
In the hierarchy of biological classification, which rank is between phylum and order?
How is a class historically conceived in biological classification?
How is a class historically conceived in biological classification?
What was the year when the classification of plants by Joseph Pitton de Tournefort appeared in his Eléments de botanique?
What was the year when the classification of plants by Joseph Pitton de Tournefort appeared in his Eléments de botanique?
Flashcards are hidden until you start studying
