What Is the Term for the Branch of Economics That

question 30

Multiple Choice

What is the term for the branch of economics that studies the economy as a whole?

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

---

Definitions:

Adjusting Entries

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the correct periods.

NSF Check

A check that cannot be processed because the account on which it is drawn does not have sufficient funds.

Monthly Service Charge

A fee charged by a provider to a consumer for the provision of services on a monthly basis.

Cash Disbursements

Payments made in cash as part of a business's operational activities.