Microeconomics Quiz
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Questions and Answers

Which branch of economics studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources?

  • Microeconomics (correct)
  • Development economics
  • Macroeconomics
  • Behavioral economics

What is the focus of microeconomics?

  • National economy
  • Global economy
  • Individual markets (correct)
  • Government policies

What is one goal of microeconomics?

  • Analyze national policies (correct)
  • Study market failures
  • Analyze global markets
  • Predict economic growth

What does macroeconomics focus on?

<p>National economy (B)</p> Signup and view all the answers

What does microeconomics analyze?

<p>Market mechanisms (C)</p> Signup and view all the answers

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