Neoclassical Economics Tends to Make Inaccurate Predictions of Human Behavior

question 110

Multiple Choice

Neoclassical economics tends to make inaccurate predictions of human behavior in situations involving

• A)price changes.
• B)financial incentives.
• C)firms' profits.
• D)uncertainty and fairness.

---

Definitions:

Parental Child

A child who has been given responsibilities or a parental role before he or she is emotionally prepared to fill it.

Extended Family

A family group that extends beyond the nuclear family, including grandparents, aunts, uncles, and other relatives, who may live together or in close proximity.

Oral Tradition

The practice of passing down stories, histories, proverbs, and other cultural knowledge through word of mouth from one generation to another.

Authoritarian Role

A leadership or governing style characterized by strict obedience to authority, often at the expense of personal freedom.