Which Concept Is Common to Both Classical Economics and Social

question 9

Multiple Choice

Which concept is common to both classical economics and social exchange theory?

• A) Human behavior is assumed to be rational.
• B) Producers are assumed to seek maximum profits.
• C) Supply and demand are assumed to function independently.
• D) Consumers are assumed to have perfect information available when making decisions.

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Definitions:

Root Tips

The section at the end of a plant's roots that contributes to growth, absorbing water and nutrients from the soil.

Pith

Parenchyma tissue in the center of some stems and roots.

Tissue Culture

Process of growing tissue artificially, usually in a liquid medium in laboratory glassware.

Digitoxin

A cardiac glycoside extracted from the foxglove plant, used in the treatment of heart conditions by increasing myocardial contractility.