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Microeconomics Quiz
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Microeconomics Quiz

Created by
@SalutaryCalcite

Questions and Answers

What does microeconomics primarily analyze?

  • Global economic systems
  • Macroeconomic policies
  • Government regulations
  • Individual agents and markets (correct)

    • What are the key factors analyzed in macroeconomics?

  • Production, consumption, saving, and investment (correct)
  • Buyers and sellers
  • Individual agents and markets
  • Households and firms

    • What does behavioral economics focus on?

  • Predicting consumer behavior
  • Analyzing market trends and fluctuations
  • Optimizing production processes
  • Understanding the psychological factors influencing economic decisions (correct)

    • What is the distinction between positive economics and normative economics?

    <p>Describing 'what is' and advocating 'what ought to be'</p> Signup and view all the answers

    What does rational economics emphasize?

    <p>Logical decision-making based on self-interest</p> Signup and view all the answers

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