Each of the Following Ideas Is Central to Economics, EXCEPT

question 190

Multiple Choice

Each of the following ideas is central to economics, EXCEPT:

• A) "good institutions can eliminate economic trade-offs."
• B) "people react to incentives."
• C) "specialization and trade benefit everyone."
• D) "prices rise when the government prints too much money."

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Definitions:

Optimist

An individual who tends to maintain a positive outlook on life and anticipates favorable outcomes, focusing on potential opportunities even in the face of difficulties.

Denial

A defense mechanism where an individual refuses to accept reality or facts, blocking external events from awareness.

Adaptive Coping Responses

Adaptive coping responses are constructive strategies individuals use to manage stress, challenges, or adversity effectively.

Social Support

Refers to the psychological and material resources provided by a social network to help individuals cope with stress and challenges.