When Someone, Who Is a Recognized Authority in a Specialized

question 17

Multiple Choice

When someone, who is a recognized authority in a specialized area, states his or her opinion, this is considered

• A) expert testimony.
• B) an individual opinion.
• C) lay testimony.
• D) a literary quotation.

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Definitions:

Paradox Of Thrift

The economic theory that suggests individual savings can lead to a decrease in aggregate demand, thus hindering economic growth.

Thrifty

Showing care and consideration in managing resources and finances to avoid waste.

Deficit Reduction Legislation

Laws enacted to reduce the size of the budget deficit by increasing revenue or decreasing government spending.

Excise Tax

A tax levied on certain goods, services, or transactions, often with the aim of reducing consumption of the taxed items.