The Author of the Textbook Defines Economics as the

question 26

Multiple Choice

The author of the textbook defines economics as the

• A) science of efficiency.
• B) science of scarcity.
• C) study of markets.
• D) study of human activity.

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Definitions:

Rationalization

The process of justifying behaviors or attitudes with logical, plausible explanations, often ignoring the true reasons.

Unconscious Reasons

Motivations or reasons for actions that are not within the individual's conscious awareness.

Defense Mechanism

Psychological strategies employed unconsciously to protect oneself from anxiety or unacceptable thoughts and feelings.

Projection

A defense mechanism in which an individual ascribes their own unwanted thoughts, feelings, or impulses onto someone else.