Microeconomics Quiz

Individual agents and markets, their interactions, and the outcomes of interactions (correct)

The economy as a system where production, consumption, saving, and investment interact

Description of 'what ought to be' in the economy

Factors affecting employment of the resources of labour, capital, and land

Analyzing the economy as a system and the factors affecting it (correct)

Describing 'what is' in the economy

Advocating 'what ought to be' in the economy

Analyzing individual agents and markets

Analyzing individual agents and markets

Advocating 'what ought to be' in the economy

Describing 'what is' in the economy

Understanding the psychological and emotional factors influencing economic decisions (correct)

<p>Households, firms, buyers, and sellers</p> Signup and view all the answers

<p>Positive economics and normative economics</p> Signup and view all the answers