Which of the following defines behavioral economics?
A) It is a branch of economics that uses insights from sociology and psychology.
B) It is a branch of economics that studies the behavior of firms while making decisions regarding the allocation of limited resources.
C) It is the study of the location, distribution, and spatial organization of economic activities across the world.
D) It is the study that is concerned with economic issues and problems related to business organization.
E) It is a branch of economics that deals with economic aspects of the development process in low-income countries.
Correct Answer:
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