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The Field of Economics Is Divided into Two Major Branches

Question 248

Multiple Choice

The field of economics is divided into two major branches: microeconomics and macroeconomics. Microeconomics studies the behavior of individual economic agents and how they interact with each other in markets. Macroeconomics focuses on the overall level of economic activity in a society. It studies such topics as unemployment, inflation, and the rate of economic growth. Don E. Waldman, Microeconomics


A) Argument; conclusion: Microeconomics studies ... with each other in markets.
B) Argument; conclusion: The field of economics ... macroeconomics.
C) Argument; conclusion: It studies such topics ... rate of economic growth.
D) Nonargument.
E) Argument; conclusion: Macroeconomics focuses ... in a society.

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