ECONOMICS
TECHNOLOGY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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macroeconomics
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technology
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microeconomics
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gross domestic product
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Detailed explanation-1: -Economics: the study of how individuals, families, businesses, and societies use limited resources to fulfill their unlimited wants.
Detailed explanation-2: -Microeconomics is based on models of consumers or firms (which economists call agents) that make decisions about what to buy, sell, or produce-with the assumption that those decisions result in perfect market clearing (demand equals supply) and other ideal conditions.
Detailed explanation-3: -Behavioral Economics is the study of psychology as it relates to the economic decision-making processes of individuals and institutions.
Detailed explanation-4: -Microeconomics is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.