One Principle That Nearly All Economists Agree on When Defining

question 44

Multiple Choice

One principle that nearly all economists agree on when defining money is that it should be

• A)spendable.
• B)liquid.
• C)accepted as payment.
• D)easily transferable.
• E)All of the above are correct.

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Definitions:

External Stimuli

Environmental or outside factors that provoke a response from sensory systems or influence behavior and perceptions.

B.F. Skinner

An American psychologist and behaviorist known for his work in the field of behaviorism and the development of the theory of operant conditioning.

Humanism

A viewpoint in philosophy and ethics that prioritizes the importance and autonomy of people, both singularly and together, advocating for reasoned analysis and factual evidence rather than the blind following of tradition or myth.

Personal Growth

The ongoing process of understanding and developing oneself to achieve one’s fullest potential.