Reasoning That Is Focused on the Effects of a Behavior

question 58

Multiple Choice

Reasoning that is focused on the effects of a behavior on other people is referred to as

• A) externalization.
• B) internalization.
• C) self-oriented induction.
• D) other-oriented induction.

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Definitions:

International Trade

The exchange of goods, services, and capital across international borders or territories.

Monetary System

The set of mechanisms and institutions that provide a country with its currency and manage its supply and value.

Trade Deficit

The economic condition that occurs when a country imports more goods and services than it exports.

Economic Growth

Economic Growth is the increase in a country's production of goods and services over time, typically measured as the percentage increase in real GDP.