Economics Is the Only Social Science and the Only Business

question 105

True/False

Economics is the only social science and the only business discipline for which the Nobel Prize is awarded.

---

Definitions:

Conscientious

Characterized by being diligent, careful, and meticulous; often associated with a strong sense of duty and responsibility.

Rank-Order Reversal

An occurrence where the position of individuals or items in a ranked list changes significantly, indicating a change in their relative standings or magnitudes over time.

Cumulative Continuity

refers to the psychological concept that personality traits become more stable and pronounced over time through the accumulation of consistent patterns of thoughts, feelings, and behaviors.

Person-Environment Transactions

Interactions between individuals and their physical, social, and psychological environments that influence behavior and development.