Podcast
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?
What are the primary elements analyzed in macroeconomics?
What are the primary elements analyzed in macroeconomics?
What does economics primarily focus on?
What does economics primarily focus on?
What does microeconomics primarily analyze?
What does microeconomics primarily analyze?
What does macroeconomics primarily analyze?
What does macroeconomics primarily analyze?
What is the distinction between positive and normative economics?
What is the distinction between positive and normative economics?
What are the primary elements analyzed in macroeconomics?
What are the primary elements analyzed in macroeconomics?