The Branch of Economics That Examines the Functioning of Individual

question 155

Multiple Choice

The branch of economics that examines the functioning of individual industries and the behavior of individual decision-making units is

• A) positive economics.
• B) normative economics.
• C) macroeconomics.
• D) microeconomics.

---

Definitions:

Low-hostility Situations

Scenarios characterized by minimal antagonism or aggression, where parties involved are more conducive to cooperation and peaceful conflict resolution.

Formal Intervention Methods

Structured procedures or strategies employed by a third party to help resolve conflicts or disputes.

Set of Rules

A collection of guidelines or principles designed to govern behavior or procedures.

Advisory ADR

Alternative Dispute Resolution methods where an adviser or neutral third party provides opinions or advice but does not have the authority to impose a decision.