One Reason That More Behavior Is Now Labeled as "Mental

question 7

True/False

One reason that more behavior is now labeled as "mental illness" is that insurance companies are more likely to pay for treatment if the person has a diagnosed mental illness.

---

Definitions:

Assets

Resources owned by a person or entity that are expected to provide future economic benefits.

Intermediate Microeconomics

A branch of economics dealing with the behavior of individuals and firms in making decisions on the allocation of scarce resources.

Behavioral Economic Explanation

A behavioral economic explanation refers to analysis that incorporates psychological insights into human behavior to explain economic decision-making.

Nash Equilibrium

An idea in game theory that suggests a player cannot improve their situation by changing strategy if every other player's strategy remains the same.