The branch of economics which studies how households and firms make choices, interact in markets and how government attempts to influence their choices is called: A) macroeconomics. B) microeconomics. C) positive economics. D) normative economics.

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A: The study of scarcity and its effects on resource use, product and service production, output growth…

Q: Tim Geithner, a former V. S. Treasury Secretary, has said, "The recession that began in late 2007…

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Q: 1. Economics: A. is a very narrow field of study. B. is a way of analyzing decision-making processes…

A: Question 1: Economics is a way of analyzing decision-making processes caused by scarcity. because It…

Q: WHY IS ECONOMICS RELEVANT VERSUS IMPORTANT?

A: Allocation of resources is the distribution of available resources and assets among various works…

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A: Economics is a social science in which the use, production, and distribution of products and…