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The Three Components of the Fishbein Model Are

question 18

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The three components of the Fishbein model are:


Definitions:

Total Annual Output

The total value or volume of goods and services produced by an economy within a year.

Germany

A country in Central Europe known for its rich history, economic strength, and contributions to arts, science, and technology.

France

A country in Western Europe known for its rich history, culture, and significant impact on global politics, cuisine, and the arts.

Market Failure

An instance where a laissez-faire market's distribution of goods and services is inefficient, typically resulting in a reduction of collective social welfare.

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