The Branch of Economics That Focuses on Outcomes in Highly

question 91

Multiple Choice

The branch of economics that focuses on outcomes in highly aggregated markets, such as the markets for labor or consumption goods, is called:

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

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Definitions:

Government Agencies

Organizations that are part of the government and implement laws, regulations, and government policies.

Anti-labor

Policies or sentiments that oppose labor rights and interests, often favoring employers over workers in labor disputes.

Pro-employer

Policies or attitudes that favor the interests of employers over employees.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, and other aspects of workers' compensation and rights.