Question 1
The branch of economics that examines the functioning of individual industries and the behavior of individual decision-making units is
◦ positive economics.
◦ normative economics.
◦ macroeconomics.
◦ microeconomics.
Question 2
Studying how the management of Hewlett Packard decides how many computers to produce and the price to charge for its computers would be considered
◦ descriptive economics.
◦ empirical economics.
◦ microeconomics.
◦ macroeconomics.