Microeconomics Is the Study of

question 254

Multiple Choice

Microeconomics is the study of

• A)the behavior of consumers.
• B)how individual households and firms make decisions.
• C)how government affects the economy.
• D)how the economy as a whole works.

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Definitions:

Description

The act of detailing or representing something verbally or in written form to convey its characteristics, functions, or qualities.

Empirical Data Collection

The process of gathering information by direct or indirect observation or experience, without theoretical speculation.