Until the Late Nineteenth Century Nearly All Firms Were Small

question 82

True/False

Until the late nineteenth century nearly all firms were small and family owned, and located in just one place.

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Definitions:

Placebos

Substances with no therapeutic effect, often used as a control in testing new drugs, to assess the psychological impact of receiving treatment.

Nocebos

Refers to a detrimental health effect that results from negative expectations of the patient and is the counterpart to the placebo effect.

Placebo Response

A beneficial health outcome resulting from a person's expectation of treatment rather than from the actual treatment itself.

Expectancy

The anticipation or belief about what is likely to happen in the future.