The Bismarckian System Had the Ultimate Result of

question 49

Multiple Choice

The Bismarckian System had the ultimate result of

• A)bringing peace to Europe for over fifty years.
• B)creating friendship between Germany and England.
• C)easing tensions between France and Germany.
• D)dividing Europe into two opposing groups of nations, making war more likely.
• E)ensuring peace in the Balkans.

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Definitions:

Nudges

Subtle policy or design changes aimed at influencing people's behavior in predictable ways without restricting their choices.

Heuristics

Simple, efficient rules or methods used to make judgments and decisions based on limited information, often leading to satisfactory but not always optimal solutions.

Behavioral Economics

A field of study merging insights from psychology and economics to explore how people make decisions and how these decisions can deviate from those predicted by standard economic theories.

Behavioral Economics

An area within economics that examines the impact of psychological, cognitive, emotional, cultural, and social influences on the economic choices made by individuals and organizations.