The Branch of Economics That Examines the Choices of Consumers

question 140

Multiple Choice

The branch of economics that examines the choices of consumers and firms is:

• A) positive economics.
• B) normative economics.
• C) macroeconomics.
• D) microeconomics.

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Definitions:

Predictor

A variable or factor that can be used to forecast or anticipate the outcome of a future event or trend.

Well-Being

A state of comfort, health, or happiness, often considered in terms of physical, psychological, and social factors.

Chronic Stress

A state of ongoing psychological strain and tension resulting from enduring stressful circumstances over a prolonged period.

Psychoneuroimmunologists

Scientists who study the interaction between psychological processes, the nervous system, and the immune system.