The Economic Theory That Was Originally Focused on How the Interests

question 55

Multiple Choice

The economic theory that was originally focused on how the interests and values of individuals relate to larger societal goals is the ______ economic theory.

• A) Political
• B) Neoclassical
• C) Classical
• D) Social
• E) Ecological

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Definitions:

Fitness for a Particular Purpose

An assurance that a product will meet the requirements of a specific use for which the buyer informs the seller, implied in a sale under the Uniform Commercial Code.

WiFi

A technology that allows electronic devices to connect to a wireless local area network (WLAN), primarily using the 2.4 gigahertz and 5 gigahertz radio bands.

Implied Warranty

An unstated guarantee that a product will meet a minimum level of quality and functionality.

Exclusion

The act of denying or restricting someone's access to a service, area, or group, often based on specific criteria.