From the Perspective of Economists, Which Term Provides the Highest

question 99

Multiple Choice

From the perspective of economists, which term provides the highest degree of confidence for explaining economic behaviour?

• A)an economic principle or a law
• B)a fact
• C)a hypothesis
• D)an assumption

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Definitions:

Culture

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Human Development

The multidimensional process of physical, cognitive, and social growth and change throughout a person's lifespan.

Plasticity

refers to the brain's capacity to change and adapt as a result of experience or learning.

Capacity For Change

The potential or ability of individuals or organizations to alter behaviors, processes, or systems in response to changing circumstances or new information.