Final answer:
d.Microeconomic theory. The term that best describes the situation where a business offers wellness incentives to its employees and notices a decrease in the frequency of physician visits among employees is Microeconomic theory.
Step-by-step explanation:
The term that best describes the situation where a business offers wellness incentives to its employees and notices a decrease in the frequency of physician visits among employees is Microeconomic theory.
In microeconomic theory, the focus is on the individual decisions and behaviors of households and businesses. In this case, the decrease in physician visits among employees can be seen as a result of the wellness incentives provided by the business. These incentives may have encouraged employees to take better care of their health, resulting in fewer visits to the doctor.
Additionally, the decrease in physician visits can also be attributed to the concept of Efficiency. By promoting wellness and preventing health issues, the business has created a more efficient workforce with fewer absences due to illness.