Microeconomics Fundamentals Quiz

<p>Employment, inflation, economic growth, public policies</p> Signup and view all the answers

<p>Production, distribution, consumption of goods and services</p> Signup and view all the answers

<p>The production, distribution, and consumption of goods and services.</p> Signup and view all the answers

<p>Basic elements including individual agents and markets, their interactions, and the outcomes of interactions.</p> Signup and view all the answers

<p>The economy as a system where production, consumption, saving, and investment interact, and factors affecting it.</p> Signup and view all the answers

<p>Positive economics describes 'what is', while normative economics advocates 'what ought to be'.</p> Signup and view all the answers

<p>Employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have an impact on these elements.</p> Signup and view all the answers