The study of human group behavior is the definition of________________?
Correct answer: C. sociology
- A. psychology
- B. geology
- C. sociology
- D. none of the above
Explanation
Sociology studies human social groups, institutions, and patterns of group behavior. Psychology focuses primarily on individual mental processes and behavior.
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About Microeconomics
Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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