What is the branch of economics which studies how households and firms interact in markets?
A)Macroeconomics
B)Microeconomics
C)Positive economics
D)Normative economics

Question

Quizplus · Accepted Answer

Microeconomics is the branch of economics which studies the behavior of individual households and firms in making decisions regarding the allocation of resources and the interactions between markets. It also examines the ways in which government policies can affect these decisions and interactions. Therefore, microeconomics is the appropriate branch of economics which studies how households and firms interact in markets.

What Is the Branch of Economics Which Studies How Households