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Microeconomics Quiz
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Microeconomics Quiz

Created by
@ProgressiveDiopside

Questions and Answers

What does microeconomics analyze?

  • Factors affecting production
  • The economy as a system
  • Currency inflation and economic growth
  • Individual agents and markets (correct)

    • What does macroeconomics analyze?

  • Individual agents and markets
  • Behaviour and interactions of economic agents
  • Factors affecting production
  • The economy as a system (correct)

    • What are the broad distinctions within economics?

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

    • What does positive economics describe?

    <p>What is</p> Signup and view all the answers

    What does normative economics advocate?

    <p>What ought to be</p> Signup and view all the answers

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