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:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, encouraging the subject to associate certain behaviors with consequences.

Unpredictable Basis

Lacking a consistent or predictable foundation, often leading to random or variable outcomes.

Reinforces

Strengthens behavior through the use of positive feedback or consequences, making the behavior more likely to occur in the future.

Fixed-Ratio Schedule

A reinforcement schedule in behavioral psychology where a response is reinforced only after a specified number of responses have been made.