Economics

question 5

Multiple Choice

Economics

• A)studies human behavior when scarcity exists and choices must be made
• B)provides the only reasonable explanation of how people make decisions
• C)can accurately explain all human behavior since it is based on the assumption of rationality
• D)is better at showing the way things ought to be than the other social sciences are
• E)is the only social science that can explain the existence and behavior of public institutions

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Definitions:

Positive Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards for desired behaviors.

Desirable Behaviour

Refers to actions or responses that are encouraged, rewarded, or sought after in a given context, particularly because they achieve positive outcomes.

Managers

Individuals who are responsible for directing and overseeing the work of a group of people in an organization.

Reinforcement Theory

A psychological concept suggesting that behavior can be controlled or modified through the use of rewards or punishments.