Economists Often Focus on Average Behavior Because It Is Easier

question 30

True/False

Economists often focus on average behavior because it is easier to predict.

---

Definitions:

Color-Blindness

The concept of ignoring racial differences and treating all individuals equally, without acknowledging existing racial disparities and inequalities.

Meritocracy

A system in which advancement within the social hierarchy is based on individual talent, effort, and achievement rather than on class privilege or wealth.

Policy Implications

The potential effects or outcomes that specific policies may have on a society, economy, or environment.

Social Consequences

The effects that actions or policies have on society, including changes in social norms, behaviors, and relationships within communities.