Modern Economics as a Field of Study Is Usually Thought

question 96

Multiple Choice

Modern economics as a field of study is usually thought to have begun with

• A) Adam Smith and the writing of The Wealth of Nations.
• B) David Ricardo and the writing of The Principles of Political Economy and Taxation.
• C) Aristotle and the writing of Politics and Ethics.
• D) Moses and the Ten Commandments.

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Definitions:

Democratic Institutions

Organizations or systems that operate on principles of democracy, allowing equal participation and representation in decision making.

Task-Oriented

Focused on completing tasks and achieving specific goals efficiently and effectively.

People-Oriented

An approach or management style focused on valuing and prioritizing the well-being, development, and engagement of individuals within an organization.

Participative Leadership

A leadership style where the leader includes team members in the decision-making process, valuing their input and fostering collaboration.