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1-4 vocabulary jw

QuestionAnswer
information in numerical form. statistics
the study of individuals, families, and businesses in the economy. microeconomics
the study of the economy as a whole and is concerned with large-scale economic activity. macroeconomics
studies economic behavior as it is. Positive economics
involves judgements of what economic behavior ought to be. Normative economics
creditd for being the founder of economic studies; wrote the Wealth of Nations Adam Smith
Created by: joannw15
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