Economists' and Psychologists' Attempts to Understand and Explain Why People

question 32

Multiple Choice

Economists' and psychologists' attempts to understand and explain why people make decisions that appear to be irrational is the field of study called _____ economics

• A)international
• B)irrational
• C)rational
• D)behavioral

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Definitions:

Statistical Analysis

The process of collecting, reviewing, interpreting, and presenting data to discover underlying patterns and trends.

Mental Elements

Fundamental components or aspects of the mind that contribute to thought and consciousness.

Complexes

Psychological concepts referring to a core pattern of emotions, memories, perceptions, and wishes in the personal unconscious organized around a common theme.

Sentiments

To Cattell, environmental-mold source traits that motivate behavior.