Microeconomics Quiz
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Questions and Answers

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?

  • Positive and normative economics
  • Factors affecting production
  • The economy as a system (correct)
  • Individual agents and markets
  • 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?

    <p>Behaviour and interactions of economic agents</p> Signup and view all the answers

    What are examples of individual agents in microeconomics?

    <p>Households, firms, buyers, and sellers</p> Signup and view all the answers

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