If Soft Determinism Is True, Then

question 52

Multiple Choice

If soft determinism is true, then

• A)we can continue to hold people responsible for their actions, even if their actions are determined.
• B)we cannot continue to hold people responsible for their actions because their actions are determined.
• C)we must accept the fact that we have no control over our actions.
• D)we must accept the fact that we are unable to act freely.

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Definitions:

Long-Run Equilibriums

A state in which all factors of production and market forces are balanced and economic variables are not expected to change.

Implicit And Explicit Costs

Implicit costs are the opportunity costs of using resources that a firm already owns, while explicit costs are direct payment outflows for purchasing productive resources.

Differentiated Products

Goods or services that are distinguished from one another by quality, features, branding, or other attributes that consumers may perceive as unique or valuable.

Monopolistically Competitive Firm

A company operating in a market structure where many firms sell products that are similar but not identical, allowing for product differentiation and some degree of market power.