Economists Study the Interactions Between Households and Businesses and Look

question 29

True/False

Economists study the interactions between households and businesses and look at the ways in which the factors of production are combined to produce the goods and services that people need.

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Definitions:

Joseph Wolpe

A South African psychiatrist known for developing systematic desensitization, a method used to reduce phobias and anxieties.

Anxiety Responses

Physical and psychological reactions that occur in response to perceived threats or stressful situations, including feelings of fear, apprehension, and increased physiological arousal.

Behaviour Therapy

A therapeutic approach that seeks to modify maladaptive behaviors through reinforcement, punishment, and conditioning.

B. F. Skinner

A prominent psychologist renowned for his work in behaviorism, particularly the development of the theory of operant conditioning.