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What Are Two Types of Tools That Economists Use to Forecast

question 27

Multiple Choice

What are two types of tools that economists use to forecast future economic developments?

Comprehend the doctrine of frustration of purpose and commercial impracticability as it applies to contract law.

Differentiate between subjective and objective satisfaction standards in contracts and how they affect contractual obligations.

Recognize the various methods for the discharge of contracts through mutual agreement.

Understand the principles behind anticipatory repudiation and its consequences in contracts.

Definitions:

Dissociative Identity Disorder

A mental disorder characterized by the presence of two or more distinct personality states that control an individual's behavior at different times, along with memory gaps for the time when another personality is in control.

Alters

Refers to each of the unique personalities in an individual who has dissociative identity disorder (DID). Alters may be very different from each other, with opposite personality traits (e.g., one very extraverted and another very introverted), and differences in the age, sex, race, and family history they claim to have.

Unique Personalities

Refers to the distinctive set of traits, behaviors, and thought patterns that make up an individual's character, distinguishing them from others.

False Memory Syndrome

Said to be exhibited by persons who claim to remember events that did not really take place, due to the influence of therapists who use leading questions, repeated suggestion, visualization, and hypnosis with the aim of recovering repressed memories.