27. Economists who develop models which they use to make predictions are engaged in a) micro economics b) empirical economics  c) economic theory d) positive economics

Which of the following is a microeconomic problem? (A) the reasons why average prices are falling (B) the reasons Kathy is buying less orange juice (C) the reason why overall employment may fall (D) the impact of the government budget deficit on inflation

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. (Please dont use ai tool.)

Q9. In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of: A. all consumers. B. buyers and sellers. C. producers and input suppliers. D. producers and government planning committees.