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Questions and Answers
What does microeconomics analyze?
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?
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?
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?
What does positive economics describe?
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What does normative economics advocate?
What does normative economics advocate?
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