When an Action Is Difficult,we Tend to Be More Aware

question 79

Multiple Choice

When an action is difficult,we tend to be more aware of _____ motivations.

• A)general
• B)specific
• C)implicit
• D)explicit

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Definitions:

Allocative Efficiency

Occurs when resources are distributed in a way that maximizes the net benefit to society.

Least Costly Way

Refers to a method or strategy that aims to achieve a particular goal or produce a specific outcome with the minimum possible expense or use of resources.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, inversely related to income elasticity.