Which Statement Is Correct

question 54

Multiple Choice

Which statement is correct?

• A) Keynesian economics is unrelated to the events of the Great Depression.
• B) Classical economics approaches the economy as three separate but interrelated sectors, while Keynesian economics looks at the economy as a whole.
• C) Keynesian economics was developed by the Scholastic School at Salamanca in the late medieval period.
• D) The classical school of economics was developed during the classical age of Greece.

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Definitions:

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Cultural Competency

The skill to appreciate, interact with, and adeptly connect with individuals of different cultural origins.

Own Biases

Personal prejudices or preconceived notions that can influence one's judgment and perception.

Tolerance

The readiness to tolerate emotions, practices, or convictions that diverge from one's personal views.