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Questions and Answers
What does microeconomics analyze?
What does microeconomics analyze?
- Government policies
- Individual agents and markets (correct)
- The economy as a whole
- International trade
What does macroeconomics analyze?
What does macroeconomics analyze?
- Global economic trends
- Individual consumer behavior
- The economy as a system (correct)
- Market competition
What does positive economics describe?
What does positive economics describe?
- What is (correct)
- Economic theory
- Applied economics
- What ought to be
What does normative economics advocate?
What does normative economics advocate?
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What are the main factors analyzed in macroeconomics?
What are the main factors analyzed in macroeconomics?
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