Which of the Following Statements Is False

question 160

Multiple Choice

Which of the following statements is false?

• A) Microeconomics is the branch of economics that deals with human behavior and choices as they relate to relatively small units-an individual,a firm,an industry,and a single market.
• B) Macroeconomics is the branch of economics that deals with human behavior and choices as they relate to highly aggregate markets.
• C) Positive economics attempts to determine what is.
• D) Normative economics addresses what should be.
• E) Positive and normative economics both address what should be.

---

Definitions:

Premium

The amount paid for an insurance policy or the extra cost above the normal price of a product or service, often associated with higher quality or benefits.

Insurance Companies

Businesses that protect their clients against financial losses from certain specified risks (death, accident, and theft, for example).