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Questions and Answers
What are the broad distinctions within economics?
What are the broad distinctions within economics?
- Factors affecting employment and economic growth
- Rational and behavioural economics
- Economic theory and applied economics
- Positive economics and normative economics (correct)
What does macroeconomics analyze?
What does macroeconomics analyze?
- Factors affecting employment
- The economy as a system (correct)
- Individual agents and markets
- Currency inflation and economic growth
What does microeconomics analyze?
What does microeconomics analyze?
- Individual agents and markets (correct)
- Currency inflation and economic growth
- Factors affecting employment
- Overall economy as a system
What is the focus of economics?
What is the focus of economics?
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What is the distinction between economic theory and applied economics?
What is the distinction between economic theory and applied economics?
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