Economics is considered a _____ science.Another example of a discipline in this field of study would be _____

Back in 2012 Michigan passed a law making it a "Right to Work" state.This made it illegal to require financial support of a union as a condition of employment.In terms of the 3 Basic Economic Questions, this would be an example of society deciding:

Select one:

a. How to produce

b. For whom to produce

c. When to produce

d. What to produce

Which statement best defines Macroeconomics?

Select one:

a.

The branch of economics that studies how firm and household behavior affects market prices.

b.

The branch of economics that focuses on how the government can maximize the standard of living for its citizens

c.

the branch of economics that focuses on the overall economy and questions like how choices affect aggregate variables and national and global economic performance.

d.

The study of how to protect our domestic economy from foreign threats

In the economic way of thinking, it is assumed that consumers are trying to maximize _______ , and firms are trying to maximize _______.

Select one:

a.

utility ; profits

b.

instagram followers ; rating on yelp.com

c.

wages ;revenue

d.

quantity of goods consumed ; quantity of goods produced