Answer: parochialism
Explanation:
Parochialism is the state of mind, whereby one focuses on small sections of an issue rather than considering its wider context. More generally, it consists of being narrow in scope. In that respect, it is a synonym of "provincialism". It may, particularly when used pejoratively, be contrasted to universalism.
Answer:A centrally planned economy is an economic system in which the government regulates the production of goods and services.
Explanation:
Answer:
D. Ralph Waldo Emerson and Henry David Thoreau
Explanation:
Ralph Waldo Emerson: is the Top Dog of Transcendentalism. The whole movement got going largely because of his efforts.
Henry David Thoreau: is the fella who brought you civil disobedience and Walden Pond, and he's the other big name associated with Transcendentalism.
Answer:
D) does not; people have rational expectations
Explanation:
Philips short-run curve is a curve which shows the relationship between unemployment and inflation in any given country. This thoery was discovered by Professor A.W.Phillips which was based on observations he made of unemployment and changes in wage levels from 1861 to 1957 in which he found that there was a trade-off between unemployment and inflation.
<em>The argument was that, it does not represent a usable trade-off due to the fact that policy makers have a simple choice to make - to either accept the lowering of inflation or unemployment. </em>
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