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Which of the following is true of Barnlund's theory of self-orientation?
Economic Theory
A set of principles and methodologies that economists use to analyze and predict patterns within the economy.
Normative Values
Normative Values refer to beliefs or value judgments about what is good or desirable, influencing individual or societal standards of behavior.
Economic Decision Maker
An individual or entity that makes choices regarding the allocation of resources and the distribution of goods and services in an economy.
Economic Models
Simplified representations of reality used to analyze and predict economic phenomena.
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