Microeconomics
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Sophia Microeconomics Final Milestone Exam
- Exam (elaborations) • 15 pages • 2022
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Sophia Microeconomics 
Final Milestone Exam. Which of the following is true about the field of economics? 
Economics as a field of study was introduced during the Industrial Revolution and has not changed over 
time 
Economics can correctly predict when a recession is coming and how long it will last 
Economics is commonly broken into Labor Economics and Consumer Economics 
Economics is a social science that intersects with other fields of study 
CONCEPT 
What is Economics? 
2 
A real estate age...
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