Seeing Everything in "Either/or" Terms Is Called _____________ Thinking

question 91

Short Answer

Seeing everything in "either/or" terms is called _____________ thinking.

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Definitions:

Government Bailouts

Financial assistance given by a government to a failing business or sector, intended to prevent widespread economic disruption.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction, which are not reflected in the transaction's market price.

Equilibrium Price

The price in the market where the amount of products available matches the amount of products wanted by consumers.