The Branch of Economics Which Studies How Households and Firms

question 176

Multiple Choice

The branch of economics which studies how households and firms make choices,interact in markets,and how government attempts to influence their choices is called

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

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Definitions:

Legitimate Means

Accepted, legal, or socially approved methods for achieving goals.

Social Origin

The background, including factors like class, race, and ethnicity, from which an individual comes, influencing their place in society.

Differential Reinforcement Theory

A psychological theory that suggests behavior is either encouraged or discouraged through rewards and punishments, and can be applied to understanding criminal behavior.

Shoplifting

The process of shoplifting involves removing items from a commercial business without compensating for them.