Which of the Following Is an Assumption of Neoclassical Economics

question 21

Multiple Choice

Which of the following is an assumption of neoclassical economics?

• A)All citizens deserve just and equal treatment.
• B)Growth is good.
• C)Long- term effects and planning are important.
• D)Resources are finite.
• E)External costs and benefits are valuable.

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Definitions:

Information Age

A period in human history characterized by the shift from traditional industry to an economy based on the processing and management of information, largely facilitated by technological advancements.

Reality Therapy

A form of therapy focusing on personal responsibility and addressing current problems and behaviors to satisfy basic needs.

Intrapsychic Conflicts

The internal struggle resulting from opposing drives, desires, or impulses within an individual, often contributing to psychological tension and anxiety.

Consciousness Raising

The activity of seeking to make people more aware of personal, social, or political issues, often used in the context of social movements and therapy.