How Does the Science of Economics Deal with the Fact

question 313

Multiple Choice

How does the science of economics deal with the fact that we all have different values?

• A) by assuming that values don't play a role in economic behavior
• B) by seeking to discover the sources of different value systems
• C) by using positive analysis
• D) by surveying the public to see what the most common values are, and then incorporating those as assumptions into their models

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Definitions:

Somatosensory Cortex

A region of the brain located in the parietal lobe that processes sensory information from various parts of the body, including touch, temperature, and pain.

Parietal Lobes

Regions of the brain located behind the frontal lobes, involved in processing sensory information related to taste, temperature, and touch, as well as spatial orientation and navigation.

Temporal

Related to time or indicative of the sequence in which events occur.

Visual Cortex

The part of the cerebral cortex involved in processing visual information, located in the occipital lobe of the brain.