Economists Use Theories To

question 119

Multiple Choice

Economists use theories to:

• A)abstract from the complexities of the world.
• B)understand economic behavior.
• C)explain and help predict human behavior.
• D)do all of the actions listed.

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Definitions:

Good Samaritan Statutes

Laws that provide legal protection to individuals who voluntarily offer assistance to others in distress.

Liability

The condition of having legal accountability, particularly relating to debts or legal duties.

Assumption of The Risk

A legal defense that claims the plaintiff knowingly and willingly took on a dangerous activity or condition which led to injury.

Modified

Altered or changed in form, character, or substance, usually to improve or adapt to different situations.