The Field of Economics That Focuses on Decision Making by Individuals

question 220

Multiple Choice

The field of economics that focuses on decision making by individuals, businesses, industries, and governments is called

• A) macroeconomics.
• B) decision science.
• C) bargaining theory.
• D) microeconomics.

---

Definitions:

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Operations

The day-to-day activities required for a business to function, including production, marketing, and management.

Accrued Interest

The amount of interest that has accumulated on a debt since the last payment date but has not yet been paid.

Bond Interest Rate

The fixed or variable rate of interest paid by bond issuers on the principal amount, to bondholders until maturity.