The Assumption That Life Is Fair and That People Get

question 467

Multiple Choice

The assumption that life is fair and that people get what they deserve and also deserve what they get is the ___________.

• A)frustration-aggression hypothesis
• B)self-fulfilling prophecy
• C)just world hypothesis
• D)empathy altruism hypothesis

Identify the stages of the adult life and financial needs cycle.

Recognize the components of financial planning including obtaining, saving, sharing, protecting, and borrowing.

Comprehend the concepts of liquidity and how it affects financial decisions.

Understand the impact of interest rates on the economy and individual financial planning.

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Definitions:

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Learned Helplessness

A belief that nothing one does matters, derived from an experience of random or unpredictable reward and punishment, and theorized to be a basis of depression.

Stimulus-Response Associations

The concept in psychology that behavior is a reaction to environmental stimuli, where specific stimuli elicit specific responses.