An Economic Policy Is

question 90

Multiple Choice

An economic policy is:

• A)a generalization about the workings of an abstract economy.
• B)a physical or mental structure that significantly influences economic decisions.
• C)an action taken to influence the course of economic events.
• D)a standard people use when they determine whether a particular activity or behavior is acceptable.

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Definitions:

Major Components

The primary, significant parts or elements that make up a system, mechanism, or framework.

Cultural Selection

The process by which certain cultural practices, ideas, or products are adopted and spread within a society or from one society to another, often driven by social, environmental, and psychological factors.

Creative Subsystem

Part of a system or process involved in generating novel ideas and solutions within a particular context or organization.

Culture Production System

The organized network of institutions and processes that produce cultural products such as music, literature, and art.