Economists Use Basic Psychological Insights in the Field of Study

question 198

Multiple Choice

Economists use basic psychological insights in the field of study called

• A)psychological economics.
• B)transitional economics.
• C)behavioral economics.
• D)social economics.

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Definitions:

Cerebrum

The largest part of the brain, responsible for cognitive functions such as thought, memory, and decision-making.

Motor Cortex

The motor cortex is a region of the brain involved in the planning, control, and execution of voluntary movements.

Frontal Lobes

Regions of the brain located at the front of each cerebral hemisphere, associated with reasoning, motor skills, higher level cognition, and expressive language.

Voluntary Movements

Movements that are consciously controlled by the brain, involving coordination and motor skills.