A Short Story Describing How Reluctant British Citizens Are to Play

question 179

Multiple Choice

A short story describing how reluctant British citizens are to play party games that might result in them looking foolish is an example of how _____ shapes human behavior.

• A)consumer expectation
• B)stimulus reaction
• C)culture
• D)geographic segmentation
• E)consumer impulse

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Definitions:

Neoclassical Economics

A framework for understanding economics that focuses on the determination of goods, outputs, and income distributions through supply and demand mediated through prices.

Behavioral Economics

A field of study that applies psychological insights into human behavior to explain economic decision-making.

Behavioral Economists

Economists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Temptation

The desire to do something, often something wrong or unwise, driven by impulse or short-term gratification.