At Which Step in the Research Process Does the Researcher

question 19

Multiple Choice

At which step in the research process does the researcher conduct a literature review,using the library and other resources?

• A)step 1
• B)step 2
• C)step 3
• D)step 4

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Definitions:

Heuristics

The brain’s low-energy mental shortcuts for making decisions. They are “fast and frugal” and work well in most situations but in other situations result in systematic errors.

Behavioral Economics

An area of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions.

Neoclassical Economics

An approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

Behavioral Economics

A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect economic decisions.