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One Explanation of Why People Develop Fears of Some Objects

question 53

Short Answer

One explanation of why people develop fears of some objects more readily than other objects is that we are predisposed to develop fears for items that have been dangerous in our history.This explanation supports a/an _____________________ view of phobias.
evolutionary


Definitions:

Speculative Demand

Demand for an asset not for its intrinsic value or use, but for the expectation of selling it at a higher price in the future to make a profit.

Created Money

Money that has been generated through the banking system's lending processes, beyond the base money originally introduced into the economy.

Liquidity Trap

A situation where interest rates are low and savings rates are high, rendering monetary policy ineffective in stimulating economic growth.

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

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