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Microeconomics Quiz

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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

Microeconomics Quiz

Choose a study mode

Podcast

Questions and Answers

What does microeconomics analyze?

What does macroeconomics analyze?

What are the broad distinctions within economics?

What does positive economics describe?

What does normative economics advocate?

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