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Questions and Answers
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
- Global economic systems
- Macroeconomic indicators
- Individual agents and markets (correct)
- International trade policies
Which factors does macroeconomics analyze as part of the economy?
Which factors does macroeconomics analyze as part of the economy?
- Environmental sustainability
- Production, consumption, saving, and investment (correct)
- Social and cultural influences
- Technological advancements only
What is the distinction between positive economics and normative economics?
What is the distinction between positive economics and normative economics?
- Describing 'what ought to be' vs advocating 'what is'
- Describing 'what is' vs advocating 'what ought to be' (correct)
- Describing 'what is' vs predicting 'what might be'
- Advocating 'what is' vs describing 'what ought to be'
What does rational economics primarily focus on?
What does rational economics primarily focus on?
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What does behavioural economics study?
What does behavioural economics study?
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What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
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What is the main focus of macroeconomics?
What is the main focus of macroeconomics?
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What is the distinction between positive economics and normative economics?
What is the distinction between positive economics and normative economics?
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What are the economic agents analyzed in microeconomics?
What are the economic agents analyzed in microeconomics?
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What do behavioural economics primarily focus on?
What do behavioural economics primarily focus on?
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