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Microeconomics Quiz

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Questions and Answers

Which branch of economics studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources?

Behavioral economics

Microeconomics (correct)

Macroeconomics

Development economics

What does microeconomics focus on studying?

Macroeconomic policies

Market mechanisms

National economy

Individual markets (correct)

What is one goal of microeconomics?

Analyze market failure

Establish relative prices (correct)

Study national policies

Analyze economic growth

What does macroeconomics focus on studying?

<p>National economy</p> Signup and view all the answers

What does microeconomics analyze when markets fail to produce efficient results?

<p>Market failure</p> Signup and view all the answers

Microeconomics Quiz

Choose a study mode

Podcast

Questions and Answers

Which branch of economics studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources?

What does microeconomics focus on studying?

What is one goal of microeconomics?

What does macroeconomics focus on studying?

What does microeconomics analyze when markets fail to produce efficient results?

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