Which Theory Suggests That Altruistic Behavior Is Governed by Calculations

question 21

Multiple Choice

Which theory suggests that altruistic behavior is governed by calculations of rewards and costs?

• A) attribution theory
• B) social exchange theory
• C) cognitive dissonance theory
• D) the two-factor theory of emotion

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Definitions:

Economists

Experts in economics who analyze and interpret economic trends, data, and policies to understand and predict financial and market behaviors.

Minimum Wage

The lowest legal hourly rate that workers can be paid by their employers, set to ensure a minimum standard of living for workers.

Skill

The ability to perform tasks and solve problems due to knowledge, practice, aptitude, and experience.

Binding Minimum Wage

This is a minimum wage set above the equilibrium wage rate, leading to a surplus of labor supply and a shortage of jobs at that wage level.