What Is the Term for the Branch of Economics That

question 7

Multiple Choice

What is the term for the branch of economics that studies the decisions made by individual firms and consumers?

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

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Definitions:

Forward Contract

A binding financial agreement to buy or sell an asset at a predetermined future date and price.

Journal Entries

The foundation of the double-entry bookkeeping system, journal entries record all financial transactions in a company's accounting system.

Forward Contract

An individually tailored pact between two sides for the buying or selling of an asset at an agreed price on a future date.

Thermal Compressors

Devices that use thermal energy to compress or expand gases in various industrial processes, often seen in refrigeration and air conditioning systems.