Fifteen-Year-Old Mary,who Has Become Critical of Her Parents and Siblings,envisions

question 112

Multiple Choice

Fifteen-year-old Mary,who has become critical of her parents and siblings,envisions a world with no injustice or discrimination.This is typical of the __________ that manifests from adolescents' capacity to think about possibilities.

• A) personal fable
• B) imaginary audience
• C) idealism
• D) egocentrism

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Definitions:

Modern Economy

An economic system characterized by services, information, technology, and advanced industrial production, with a focus on innovation and global trade.

Specialization and Exchange

Refers to the economic practice where individuals or groups focus on a narrow area of production to gain efficiency and trade with others to benefit from each other's expertise.

GATT

General Agreement on Tariffs and Trade, a multilateral agreement aimed at reducing trade barriers and promoting international trade.

International Trade

The exchange of goods, services, and capital between countries and territories, driven by the principle of comparative advantage.