Economic Theories Are

question 87

Multiple Choice

Economic theories are

• A)useful because they are as exact as theories in the physical sciences
• B)useless because they are based on abstractions
• C)useful because they allow us to make predictions
• D)too complex to understand because they include all of reality
• E)useful in predicting events only if their assumptions are realistic

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Definitions:

Freudian

relating to or based on the theories of Sigmund Freud, particularly those concerning the unconscious mind, sexuality, and the development of personality.

Symbolic Self Systems

A concept in psychology that refers to the organization of an individual's identity and roles in society as understood through symbols and language.

Psychological Makeup

The combination of emotional, mental, and personality characteristics that define an individual's psychological state and ways of responding to situations.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.