Overpopulation, Global Warming, and Pollution Are Examples of Actions That

question 29

Multiple Choice

Overpopulation, global warming, and pollution are examples of actions that are beneficial for an individual but will be harmful if all people chose that course of action.

• A) cognitive dissonance
• B) social dilemma
• C) prisoner's dilemma
• D) social conflict

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Definitions:

System 1

A term from psychology, referring to the fast, automatic, and often subconscious way of thinking, as opposed to the slower, more deliberate thought processes of System 2.

System 2

A term often used in behavioral economics, referring to slow, deliberative, and analytical thinking, contrasted with fast, instinctive, and emotional 'System 1' thinking.

Neoclassical Assumption

Underlying principles of neoclassical economics that include rationality, individuals maximizing utility, firms maximizing profits, and markets tending toward equilibrium.

Rational Behavior

Human behavior based on comparison of marginal costs and marginal benefits; behavior designed to maximize total utility. See rational.