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Microeconomics Quiz
10 Questions
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Microeconomics Quiz

Created by
@SereneFriendship

Questions and Answers

What does microeconomics analyze?

  • Public policies impact on the economy
  • The economy as a system
  • Individual agents and markets (correct)
  • Factors affecting production

    • What does macroeconomics analyze?

  • Individual agents and markets
  • Factors affecting production
  • Public policies impact on the economy
  • The economy as a system (correct)

    • What are the broad distinctions within economics?

  • Economic theory and applied economics
  • Positive economics and normative economics (correct)
  • Microeconomics and macroeconomics
  • Rational economics and behavioural economics

    • What does positive economics describe?

    <p>Describing 'what is'</p> Signup and view all the answers

    What does chemistry study?

    <p>Properties and behavior of matter</p> Signup and view all the answers

    What does normative economics advocate?

    <p>Advocating 'what ought to be'</p> Signup and view all the answers

    What does chemistry explain in botany?

    <p>Aspects of plant growth</p> Signup and view all the answers

    What does chemistry address in ecology?

    <p>How environmental pollutants are degraded</p> Signup and view all the answers

    In what position does chemistry occupy in relation to physics and biology?

    <p>Intermediate position</p> Signup and view all the answers

    What does chemistry provide a foundation for understanding?

    <p>Basic and applied scientific disciplines</p> Signup and view all the answers

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