"We Should Support the Market Because It Is Efficient" Is

question 89

Multiple Choice

"We should support the market because it is efficient" is an example of:

• A) positive economics.
• B) normative economics.
• C) objective economics.
• D) negative economics.

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Definitions:

Parasocial Relationship

A one-sided relationship where one party knows a great deal about the other, who is typically a public figure or character, but the latter does not know them.

Interdependence

A mutual reliance among members of a group, where the actions of one member affect the outcomes of others.

Mutuality

A characteristic of relationships in which individuals share common feelings, actions, or relationships, benefiting all involved parties.

Commitment

The state of being emotionally or intellectually devoted to a cause, activity, or relationship.