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Psychologist Daryl Bem (1995)has Proposed a Theory of the Development

question 86

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Psychologist Daryl Bem (1995) has proposed a theory of the development of sexual orientation that


Definitions:

Scarcity

Occurs when the amount people desire exceeds the amount available at a zero price.

Choice

The act of selecting between two or more possibilities, often present in decision-making processes.

Economics

The study of how people use their scarce resources to satisfy their unlimited wants

Physical Capital

Manufactured items used to produce goods and services; includes new plants and new equipment.

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