Below Are Some Production Possibilities Data for the Mystical Land

question 154

Multiple Choice

Below are some production possibilities data for the mystical land of Ghandor.

-Why do economists feel that their discipline is relevant?

• A)It is able to predict the future very well.
• B)It is a value-free study.
• C)Its methodology is so different from other social sciences.
• D)The scope and range of subjects that it addresses is very wide.

---

Definitions:

Commission of a Tort

The act of committing a wrongful act, excluding breach of contract, for which a civil action can be brought.

Respondeat Superior

A doctrine under which a principal-employer is liable for any harm caused to a third party by an agent-employee in the course or scope of employment.

Apparent Authority

Apparent authority refers to a situation in which a person appears to be given power to act on behalf of another, thereby binding the principal through the agent's actions, even if the actual authority has not been granted.

Misrepresentation

The act of providing false or misleading information, intentionally or unintentionally, in a transaction.