What Is the Term for the Branch of Economics That

question 270

Multiple Choice

What is the term for the branch of economics that studies the aggregate decisions of all households and all firms?

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

---

Definitions:

Weather Announcer

A person or system that communicates weather forecasts and conditions to the public.

Patent Law

The area of law that deals with the protection of inventions, granting inventors exclusive rights to use, make, and sell their inventions for a certain period.

Copyright Law

Legal provisions that grant creators exclusive rights to their original works of authorship, such as writings, music, and artwork, for a specified period.

Trade Secrets Law

A branch of intellectual property law that protects confidential business information from being disclosed or used without permission.