Which of the Following Is Least Likely to Be Classified

question 57

Multiple Choice

Which of the following is least likely to be classified as a necessary item for which a minor will be held liable on a contract?

• A) A camera.
• B) School supplies.
• C) Clothing.
• D) An automobile.

Recognize the contributions of behavioral economics to policymaking, including the concept of "nudging".

Identify systematic errors in human decision-making according to behavioral economics.

Comprehend how behavioral economics explains reactions to gains and losses differently from neoclassical economics.

Understand behavioral economics' insights into self-control issues and time inconsistency.

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Definitions:

Amygdala

An almond-shaped set of neurons located deep in the brain's medial temporal lobe, involved in memory, decision-making, and emotional responses.

Orbitofrontal Cortex

The orbitofrontal cortex is a prefrontal cortex region involved in the cognitive processing of decision-making, emotion regulation, and sensory integration, influencing social behavior and reward.

Insula

Multifunctional cortical tissue located within the lateral fissure; contains language and taste perception–related regions and neural structures underlying social cognition.

Reinforcer

In operant conditioning, any event that strengthens the behavior it follows.