Examlex

Solved

Economists Believe That People Respond in a Predictable Way to Changes

question 150

Multiple Choice

Economists believe that people respond in a predictable way to changes in costs and benefits.The term that best describes this phenomenon is


Definitions:

Beneath Consciousness

Refers to thoughts or processes that occur without conscious awareness, influencing behaviors and perceptions.

Iceberg

A large mass of ice floating in the sea that has broken off from a glacier or ice shelf.

Personality

The mix of traits or attributes that create a person's unique personality.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Related Questions