An Economic Principle

question 44

Multiple Choice

An economic principle:

• A) should be used to make every individual decision.
• B) generally is stated as a normative statement.
• C) can be combined with knowledge of economic institutions to make policy proposals.
• D) is an action taken to influence the course of economic events.

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Definitions:

High Conscientiousness

A personality trait characterized by being diligent, careful, thorough, organized, and thoughtful in one's actions or decisions.

Researching

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Manager Performance

Refers to the efficiency and effectiveness with which a manager achieves the goals and objectives of their role.

Emotional Stability

A personality trait that involves the ability to remain calm, resilient, and secure through stressful situations or under pressure.