Which Approach Views the Economy as Populated by Calculating,unemotional Maximizers

question 37

Multiple Choice

Which approach views the economy as populated by calculating,unemotional maximizers who pursue their rational self-interest?

• A)the traditional economic approach
• B)Keynesian economics
• C)mercantilism
• D)utopian economics
• E)Marxian economics

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Definitions:

Voting Patterns

The trends or tendencies in how different groups of people vote during elections or referendums.

Industrial Unrest

Refers to various forms of collective discontent or conflict between employers and employees in industrial settings, often related to working conditions, wages, or layoffs.

Authoritarian

An authoritarian refers to a governing system or political regime characterized by strong central power and limited political freedoms, where opposition is often suppressed.

Totalitarian

A political system in which the state holds total authority over the society and seeks to control all aspects of public and private life whenever possible.