During the Second Half of the Twentieth Century, Psychology Expanded

question 297

True/False

During the second half of the twentieth century, psychology expanded rapidly, and today the American Psychological Association has 95 divisions representing diverse research and professional interests.

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Definitions:

Scarce Resources

Resources that are limited in supply and cannot satisfy all human wants and needs.

Standard Of Living

A level of material comfort in terms of goods and services available to someone or some group.

Market Failure

Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Allocate Resources

The process of distributing available resources among various competing needs and desires to achieve desired outcomes.