Huber Repeats the Quip That Economists Are Persons Who Observe

question 54

Multiple Choice

Huber repeats the quip that economists are persons who observe what is happening in practice and go off to study whether it is possible in:

• A) Business
• B) Mathematics
• C) China
• D) The real world
• E) Theory

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Definitions:

Conformity

The tendency to align one's attitudes, beliefs, and behaviors with those of a group or social norm.

Normative Influence

The impact of the social environment on individuals' behavior, where people conform to the expectations of a group to be liked, accepted, or to avoid disapproval.

Social Pressure

The influence exerted by society or social groups on individuals to conform to expected norms and behaviors.

Milgram's Study

A series of social psychology experiments conducted by Stanley Milgram, which aimed to measure the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.