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

---

Definitions:

Special Endorsement

An endorsement on a negotiable instrument, such as a check, specifying the person to whom or the entity to which the instrument is to be paid.

Promissory Note

A promise in writing, signed by the maker, to pay a sum certain in money to the person named therein, or bearer, at some fixed or determinable future time, or on demand.

Maker

In finance, the maker is the party that creates or issues a promissory note, thereby agreeing to pay a certain amount of money to a payee at a future date.

Bearer

An individual in possession of an instrument, such as a check or bond, that is not made out to a specific payee.