The Two Words Economists Use Most Often Are

question 3

Multiple Choice

The two words economists use most often are

• A)inflation and trade.
• B)supply and demand.
• C)competition and prices.
• D)markets and equilibrium.

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Definitions:

Aboriginal Traditional Medicine

A system of healing practices, medicinal knowledge, and rituals indigenous to Aboriginal communities, harnessing natural resources and spiritual beliefs to treat illness and maintain well-being.

Biocolonialism

The control or exploitation of biological resources, often of indigenous lands and peoples, without consent or benefit-sharing, mirroring colonialist practices in a biological context.

Ecocentric

An environmental perspective that places intrinsic value on all living organisms and their natural environment, regardless of their usefulness to humans.

New Ecological Paradigm

A perspective in environmental sociology that emphasizes the interconnectedness of human societies with the environment and advocates for sustainable living practices.