Economists Assume That People Choose to Do Something When They

question 41

Multiple Choice

Economists assume that people choose to do something when they believe:

• A) the benefits outweigh the costs of the decision.
• B) it will make society better off.
• C) their decision cannot be questioned by anyone else.
• D) it won't harm anyone and will better themselves.

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Definitions:

Stereotyping

Assigning fixed, generalized attributes to a group of people, often leading to prejudice and discrimination.

Discrimination

Unfair or prejudicial treatment of individuals based on certain characteristics such as race, gender, age, or sexual orientation, rather than on their merits.

Halo Effect

A cognitive bias where one's overall impression of a person, brand, or product influences one's thoughts and feelings about that entity's character or properties.

Locus of Control

A psychological concept referring to how strongly people believe they have control over the situations and experiences affecting their lives.