The Branch of Economics Which Studies the Behavior of Entire

question 181

Multiple Choice

The branch of economics which studies the behavior of entire economies and policies that affect the economy as a whole is called

• A)public economics.
• B)microeconomics.
• C)macroeconomics.
• D)normative economics.

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Definitions:

Behaviour Control

Management practices that regulate employee actions to align with organizational goals through policies, procedures, and monitoring.

Law Of Immediate Reinforcement

The principle that a reward should be given as soon as possible after a desired behaviour occurs.

Punishment

Discouraging behaviour by making an unpleasant consequence contingent on its occurrence.

Positive Reinforcement

The strengthening of behaviour by making a desirable consequence contingent on its occurrence.