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Questions and Answers
What does microeconomics analyze?
What does microeconomics analyze?
- Factors affecting production
- Positive and normative economics
- Individual agents and markets (correct)
- The economy as a system
What does macroeconomics analyze?
What does macroeconomics analyze?
- Positive and normative economics
- Factors affecting production
- The economy as a system (correct)
- Individual agents and markets
What are the broad distinctions within economics?
What are the broad distinctions within economics?
- Rational and behavioural economics
- Individual agents and markets
- Positive and normative economics (correct)
- Economic theory and applied economics
What is the focus of economics?
What is the focus of economics?
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What are examples of individual agents in microeconomics?
What are examples of individual agents in microeconomics?
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