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Questions and Answers
What does microeconomics primarily analyze?
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?
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?
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?
What is the distinction between positive economics and normative economics?
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What does rational economics emphasize?
What does rational economics emphasize?
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