Economists Assume That Individuals

question 81

Multiple Choice

Economists assume that individuals

• A)behave in unpredictable ways.
• B)will never take actions to help others.
• C)prefer to live in a society that values fairness above all else.
• D)are rational and respond to incentives.

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Definitions:

Rejection

The act of dismissing or refusing someone or something, often leading to psychological effects such as feelings of inadequacy or sadness.

Aggression

Aggression is behavior aimed at causing harm or pain to others, which can be physical or verbal, and motivated by various factors including anger, frustration, or social dominance.

Sociometric Techniques

Quantitative methods used to measure social relationships and structures, often by analyzing the choices or preferences within a group.

Social Status

An individual's position or rank within a society based on various factors such as wealth, occupation, education, or family lineage.