A University Researcher Rates the Degree of Control and Independence

question 42

Multiple Choice

A university researcher rates the degree of control and independence people demonstrate in response to a natural disaster.He determines that individuals with higher education make better choices following the disaster.The potential issue of _______________ may occur in this research.

• A) multiculturalism
• B) ethnocentric bias
• C) agentic bias
• D) principled ethics

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Definitions:

Long-run Equilibrium

A state in which all inputs and outputs in an economy are fully adjusted and there is no tendency for change.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing to sell at a given overall price level, across all existing price levels.

Long-run Aggregate Supply

The total supply of goods and services that an economy can produce when resources are fully employed at their most efficient levels, without inflation.

Short-run Aggregate Supply

The total supply of goods and services that firms in an economy are willing to produce at a given overall price level in a specific time period.