The Basic Idea of _____ Theory in Development Is That

question 149

Short Answer

The basic idea of _____ theory in development is that in order to understand the emotions, impulses, and habits of humans over the life span, it is important to understand how those same emotions, impulses, and habits developed within Homo sapiens over the past 100,000 years.

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Definitions:

Budget Deficit

The situation where a government's expenditures exceed its revenue.

Demand For Loanable Funds

The desire by households and firms to borrow money to finance investment projects, where the interest rate is the price of the loan.

REAL Number

A value that represents a quantity along a continuous line, including all rational and irrational numbers.