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Questions and Answers
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
- Factors affecting employment
- Individual agents and markets (correct)
- The economy as a system
- Positive and normative economics
What does macroeconomics primarily analyze?
What does macroeconomics primarily analyze?
- Positive and normative economics
- Individual agents and markets
- Factors affecting employment
- The economy as a system (correct)
What is the distinction between positive and normative economics?
What is the distinction between positive and normative economics?
- Describing 'what is' vs advocating 'what ought to be' (correct)
- Rational vs behavioural economics
- Economic theory vs applied economics
- Factors affecting employment vs economic growth
What are the primary elements analyzed in microeconomics?
What are the primary elements analyzed in microeconomics?
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What are the primary elements analyzed in macroeconomics?
What are the primary elements analyzed in macroeconomics?
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What does economics primarily focus on?
What does economics primarily focus on?
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What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
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What does macroeconomics primarily analyze?
What does macroeconomics primarily analyze?
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What is the distinction between positive and normative economics?
What is the distinction between positive and normative economics?
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What are the primary elements analyzed in macroeconomics?
What are the primary elements analyzed in macroeconomics?
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