Fight or Flight Is a Natural Response to _________ _________

question 4

Short Answer

Fight or flight is a natural response to _________ _________.

Recognize the significance of competition and innovation in a market system.

Grasp the Five Fundamental Questions of economics within a market system.

Identify unique characteristics of a market system including private ownership and competition.

Understand the concept and significance of specialization in economic production.

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Definitions:

Invasion of Privacy

An intrusion into the personal life of another person without consent, which can include various actions such as surveillance, public disclosure of private facts, or misuse of someone's identity.

Privacy Act of 1974

A United States federal law that establishes a Code of Fair Information Practice that governs the collection, maintenance, use, and dissemination of personally identifiable information about individuals that is maintained in systems of records by federal agencies.

Erroneous Records

Refers to incorrect or inaccurate entries in financial, legal, or official documents.

Privacy Act of 1974

A U.S. federal law establishing a code of fair information practices to protect personal information held by federal agencies.