People Sometimes Act Differently in Different Settings

question 14

Multiple Choice

People sometimes act differently in different settings.  An economist is likely to explain this by saying

• A)the benefits and costs of certain behaviors can be different in different settings.
• B)people are hard to figure out.
• C)people behave as others behave.
• D)it is hard to figure out what makes people tick.

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Definitions:

Trust

The confident belief in the reliability, truth, ability, or strength of someone or something, forming the foundation of relationships in social and business contexts.

Sustainability

The practice of conducting business in a manner that does not compromise the ability of future generations to meet their needs, emphasizing environmental protection, social equity, and economic health.

Social Entrepreneurship

A practice of starting companies and other organizations to develop, fund, and implement solutions to social, cultural, or environmental issues.

Cause-related Marketing

A marketing strategy where businesses partner with causes or nonprofit organizations to promote a social issue or cause as part of their marketing efforts and to benefit mutually.