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Microeconomics Quiz

Created by

@SecureRadiance

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</p> Signup and view all the answers

What does microeconomics analyze?

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

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