A Critical Assumption Made by All Economic Models Is That

question 139

Multiple Choice

A critical assumption made by all economic models is that

• A) few economic decision makers face constraints under capitalism
• B) few economic decision makers face constraints under communism
• C) every economic decision maker,except the extremely wealthy,faces constraints
• D) every economic decision maker,except the federal government,faces constraints
• E) every economic decision maker faces constraints under every economic system

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Definitions:

Informational Influence

describes the effect on an individual's behavior that occurs when they accept information from others as evidence about reality, leading to conformity.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, values, or expectations.

Collective Identities

Refers to the shared sense of belonging to a group, which shapes members' perceptions, actions, and interactions.

Asch Situation

A social psychology experiment by Solomon Asch that demonstrated the influence of group pressure on conforming.