Questions and Answers
True or false: Microeconomics focuses on the behavior and interactions of economic agents at a macro level.
False
True or false: Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact.
True
True or false: Positive economics describes 'what ought to be' in the economy.
False
True or false: Normative economics advocates 'what is' in the economy.
Signup and view all the answers
True or false: Rational economics is the only approach used in economic analysis.
Signup and view all the answers
