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The Field of Economics in Which the Tools of Economics

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Short Answer

The field of economics in which the tools of economics are used to understand the functioning of goverment is


Definitions:

Quality Management

The act of overseeing all activities and tasks needed to maintain a desired level of excellence in products, services, or processes.

Probability Density Function

A function that describes the relative likelihood for a random variable to take on a given value.

Total Area

The sum of all areas covered by a particular shape or figure.

Sampling Distribution

The likelihood distribution of a metric derived from numerous samples collected from a certain group.

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