Economists Use Some Familiar Terms in Specialized Ways

question 441

Multiple Choice

Economists use some familiar terms in specialized ways

• A)to make the subject sound more complex than it is.
• B)because every respectable field of study has its own language.
• C)to provide a new and useful way of thinking about the world.
• D)because it was too difficult to come up with new terms.

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Definitions:

Bandura

A reference to Albert Bandura, a Canadian-American psychologist known for his work on social learning theory, which emphasizes the role of observational learning, modeling, and self-efficacy in behavior.

Model Behavior

Demonstrating a desired behavior as an example for others to emulate.

Learn

The acquisition of knowledge or skills through experience, study, or by being taught.

Watching Others

The act of observing the behaviors, actions, or interactions of others, often to learn, analyze, or simply out of curiosity.