10 Questions
Which social science studies the production, distribution, and consumption of goods and services?
Economics
What does microeconomics analyze?
The behaviour and interactions of economic agents
What does macroeconomics analyze?
The economy as a system
What is the distinction between economic theory and applied economics?
Economic theory analyzes individual agents and markets, while applied economics analyzes the economy as a system
What is the distinction between positive economics and normative economics?
Positive economics describes 'what is', while normative economics advocates 'what ought to be'
Which field of economics focuses on the performance, structure, behavior, and decision-making of an entire economy?
Macroeconomics
What are some of the topics studied in macroeconomics?
Unemployment and inflation
What is the focus of analysis in microeconomics?
Single market
Which field of economics studies the interaction of markets to produce large-scale phenomena?
Macroeconomics
What are the two most general fields in economics?
Macroeconomics and microeconomics
Test your knowledge of economics with this quiz! Learn about the production, distribution, and consumption of goods and services, as well as the behavior of economic agents and how economies function. Explore microeconomics and analyze individual agents, markets, and their interactions.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
