Microeconomics Quiz

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What does microeconomics primarily analyze?

Individual agents and markets (correct)

Public policies and their impact

Currency inflation and economic growth

Macroeconomic systems

What are the broad distinctions within economics?

Economic theory and applied economics

Individual agents and markets

Positive economics and normative economics (correct)

Rational and behavioural economics

What is the focus of macroeconomics?

Rational and behavioural economics

The economy as a system and its interactions (correct)

Behaviour and interactions of economic agents

Positive economics and normative economics

What does normative economics advocate?

What ought to be Signup and view all the answers

What is the focus of economic theory?

Describing economic principles and relationships Signup and view all the answers

Which of the following is an example of an individual agent in microeconomics?

Households Signup and view all the answers

What does normative economics advocate?

What ought to be Signup and view all the answers

What is the focus of economic theory?

Developing and testing theories about how the economy works Signup and view all the answers

What does macroeconomics analyze as a part of the economy?

Production, consumption, saving, and investment Signup and view all the answers

What are the factors affecting the economy analyzed in macroeconomics?

Employment of labor, capital, and land resources; currency inflation; economic growth Signup and view all the answers

Microeconomics Quiz

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Questions and Answers

What does microeconomics primarily analyze?

What are the broad distinctions within economics?

What is the focus of macroeconomics?

What does normative economics advocate?

What is the focus of economic theory?

Which of the following is an example of an individual agent in microeconomics?

What does normative economics advocate?

What is the focus of economic theory?

What does macroeconomics analyze as a part of the economy?

What are the factors affecting the economy analyzed in macroeconomics?

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