Which De-Merit Good Is Likely to Be Over Consumed When

question 48

Multiple Choice

Which de-merit good is likely to be over consumed when left to the market mechanism?

• A) education.
• B) health care.
• C) museum attendance.
• D) tobacco.

Understand the relationship between reliability and validity in psychological assessments.

Understand and explain basic psychological theories.

Develop and evaluate hypotheses based on psychological theories.

Understand the concepts and types of validity in psychological testing.

---

Definitions:

Scarcity

The state of being in short supply; a situation where resources are insufficient to satisfy the needs or wants of individuals or societies.

Reactance

A psychological response that occurs when people feel their freedom to choose is being limited, prompting a motivation to regain that freedom.

Restricted Choices

A situation characterized by limited options or alternatives available for selection.

Ethical Resistance

The act of opposing actions or decisions that violate moral principles or codes of conduct.