A Profession Is Characterized by the Existence of a Common

question 132

Multiple Choice

A profession is characterized by the existence of a common body of knowledge and a ________.

• A) procedure for certifying members
• B) specified educational requirement
• C) requirement for periodic re-accreditation
• D) functional procedure for designated activities

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Definitions:

New Classical Economists

Economists who advocate for the theory that markets are clear and that economic players always make rational decisions based on available information.

Keynesians

Economists and theories following John Maynard Keynes, focusing on the significance of demand for goods and services as the primary driving force in an economy.

Economic Behaviorists

Researchers or theorists who study the decision-making processes of individuals and institutions, often investigating how psychological, social, cognitive, and emotional factors affect economic decisions.

Supply-Siders

Advocates of the economic theory that reducing taxes and regulations on businesses stimulates production and economic growth.