5 Questions
What does macroeconomics analyze?
The economy as a system and its interactions
What does microeconomics analyze?
Individual agents and markets
What are some examples of individual agents in microeconomics?
Households and firms
What is the focus of rational economics as compared to behavioral economics?
Emphasizing logical decision-making vs understanding psychological influences
What is the distinction between positive economics and normative economics?
Describing 'what is' vs advocating 'what ought to be'
Test your knowledge of microeconomics with this quiz. Explore the fundamental elements of the economy, including individual agents, markets, and interactions. Challenge yourself with questions on economic behavior and outcomes.
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