____ Are Expectations That Help Cause What They Predict

question 67

Multiple Choice

____ are expectations that help cause what they predict:

• A)Personal anecdotes
• B)Predictable achievements
• C)Arbitrary expectations
• D)Self-fulfilling prophecies
• E)Inferiority predictions

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Definitions:

Government Imposes

Actions taken by the government to regulate, tax, or otherwise exert authority over individuals and organizations, typically with the aim of affecting economic outcomes.

Tax

A compulsory economic imposition or another variety of levy tasked to a taxpayer by a governmental structure to provision government financial obligations and various public welfare expenses.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is not achievable, leading to a suboptimal allocation of resources.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the price where supply and demand are equal.