When Economists Are Interested in How Markets Work, What Do

question 184

Multiple Choice

When economists are interested in how markets work, what do they most often work with?

• A) the market demand curve
• B) individuals' demand curves
• C) individuals' demand schedules
• D) targeted consumers' demand curves

Understand the ethical implications of distributive principles like the Principle of Effort.

Know the objections to pluralistic and duty-based approaches in ethics.

Understand the concepts and types of microaggressions and their impacts on out-groups.

Identify and describe psychological techniques used in persuasion and commitment.

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Definitions:

Afferent Peripheral

Pertaining to peripheral nerves that carry signals toward the central nervous system from the body, involved in sensory processing.

Nerve Fibers

Extensions of neurons that transmit electrochemical signals throughout the nervous system, enabling communication and response to stimuli.

Transduction

The process of converting one form of energy into another, or in biology, the transfer of genetic material from one organism to another.

Triple Cardiac Bypass

A surgical procedure to improve blood flow to the heart by diverting blood around narrowed or blocked arteries using graft vessels.