Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What do positive economics describe?
What do positive economics describe?
- Factors affecting production
- What ought to be
- Economic theory
- What is (correct)
What does microeconomics primarily analyze?
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?
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?
What are the main elements analyzed in economics?
Signup and view all the answers
What does macroeconomics primarily analyze?
What does macroeconomics primarily analyze?
Signup and view all the answers
