Coercion Is Defined as

question 103

Multiple Choice

Coercion is defined as

• A)conformity to the demands of an authority.
• B)bringing one's behavior into agreement or harmony with norms or with the behavior of others in a group.
• C)being forced to change your beliefs or your behavior against your will.
• D)bending to the requests of a person who has little or no authority or other form of social power.

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Definitions:

Competitive Price-Searcher

A market condition where firms continually search for the best prices to maximize their profits in a competitive environment.

Economic Efficiency

The optimization of resources to best fulfill the needs and wants of individuals and society with the least waste.

Government Regulations

Rules set by government bodies to control or guide specific activities within the economy or society.

Long-Run Economic

Refers to an extended period during which all factors of production and outputs can be adjusted.