Economists Use One Standard Set of Assumptions to Answer All

question 43

True/False

Economists use one standard set of assumptions to answer all economic questions.

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Definitions:

Rapid

Quickly occurring or moving at a fast pace.

Repression

A defense mechanism where an individual unconsciously blocks unpleasant memories, thoughts, or feelings from their awareness.

Freud

An Austrian neurologist named Sigmund Freud created psychoanalysis, a technique for addressing mental disorders through conversations between a therapist and their patient.

Torture

The act of inflicting severe pain or suffering on someone, often to punish, coerce, or gather information.