Microeconomics Quiz
5 Questions
0 Views

Microeconomics Quiz

Created by
@UnfetteredVision

Questions and Answers

What does microeconomics analyze?

  • International trade
  • Individual agents and markets (correct)
  • Global economic systems
  • Government policies
  • What does macroeconomics analyze?

  • Micro-level consumer behavior
  • Labor market dynamics
  • Environmental impacts on economy
  • Economy as a system and factors affecting it (correct)
  • What is the distinction between positive economics and normative economics?

  • Advocating for government intervention vs advocating for free markets
  • Describing 'what ought to be' vs advocating 'what is'
  • Describing current economic policies vs historical economic policies
  • Describing 'what is' vs advocating 'what ought to be' (correct)
  • What are the key elements analyzed in macroeconomics?

    <p>Production, consumption, saving, and investment</p> Signup and view all the answers

    What are the broad distinctions within economics?

    <p>Between economic theory and applied economics</p> Signup and view all the answers

    More Quizzes Like This

    Microeconomics Quiz
    10 questions
    Microeconomics Quiz
    10 questions

    Microeconomics Quiz

    PrettyObsidian avatar
    PrettyObsidian
    Microeconomics Quiz on Production and Cost
    18 questions
    Use Quizgecko on...
    Browser
    Browser