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Questions and Answers
What are the two main categories mentioned in the text?
Which category pertains to small-scale phenomena?
Which category refers to the study of large-scale systems or phenomena?
What is the study of how individuals, households, and firms make decisions about allocating resources?
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Which field of economics deals with the overall workings of a national economy, including GDP, unemployment, and inflation?
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What is the statistical methods used in economics to test and quantify economic theories?
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