Because People Instinctively Act in the Social Interest, Markets Will

question 179

True/False

Because people instinctively act in the social interest, markets will produce outcomes in line with the social interest.

---

Definitions:

Secondary Reinforcers

Stimuli that become reinforcing through their association with primary reinforcers; they do not satisfy biological needs but are learned, such as money or praise.

Primary Reinforcers

Fundamental stimuli that satisfy basic survival needs and are innately satisfying without prior learning.

Physical Needs

Essential requirements for human survival, such as food, water, shelter, and sleep.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, emphasizing the influence of consequences on learned behavior.