Economists with PhDs Couldn't Screw Up the Whole World's Economy

question 25

True/False

Economists with PhDs couldn't screw up the whole world's economy.

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Definitions:

Standard Condition

Conditions used in scientific experiments that are universally accepted and applied to ensure consistency and comparability of data and results.

Milgram's Study

A psychological experiment conducted by Stanley Milgram to measure the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Psychological Distance

The perception of how far away an object, event, or person is from oneself, psychologically, rather than physically.

Obedience

the act of following orders or directives from an authority figure, often studied in psychology to understand social influence and control.