A Rational Expectation Is

question 71

Multiple Choice

A rational expectation is

• A) a forecast devoid of all emotions.
• B) a forecast which perfectly foretells the future.
• C) the best possible forecast based upon all relevant information.
• D) the forecast that automatically carries over from past forecasts.

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Definitions:

Multiculturalism

A societal approach that recognizes, values, and promotes cultural diversity and the coexistence of different cultural traditions.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture over others, often leading to prejudice and discrimination.

Ethnocentrism

describes the act of judging another culture solely based on the values and standards of one's own culture.

Rights Revolution

A period or movement focused on significantly expanding civil, human, and legal rights through legal challenges, advocacy, and policy changes.