Test your knowledge of microeconomics with this quiz! Explore the basic elements...
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Questions and Answers

What do positive economics describe?

  • Factors affecting production
  • What ought to be
  • Economic theory
  • What is (correct)

    • What does microeconomics primarily analyze?

  • The economy as a system
  • Individual agents and markets (correct)
  • Factors affecting production
  • Public policies impact on elements

    • What do normative economics advocate?

  • Economic theory
  • What ought to be (correct)
  • Factors affecting production
  • What is

    • What are the main elements analyzed in economics?

    <p>Production, distribution, and consumption</p> Signup and view all the answers

    What does macroeconomics primarily analyze?

    <p>The economy as a system</p> Signup and view all the answers

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