Which of the Following Statements Describes Economists' Attitudes Regarding the Influence

question 273

Multiple Choice

Which of the following statements describes economists' attitudes regarding the influence of social factors on the choices consumers make?

• A)Economists formerly believed they were very important but now they believe they are not important.
• B)Economists believe social factors affect consumer choice in markets for public goods but not in markets for private goods.
• C)Liberal economists believe social factors are very important; conservative economists do not believe social factors have any influence on consumers.
• D)Economists traditionally believed they were unimportant, but many economists now believe social factors are important.

---

Definitions:

Lewy Body Dementia

A type of progressive dementia characterized by abnormal deposits of a protein called alpha-synuclein in the brain.

Aesthetic

Related to beauty or the appreciation of beauty, often involving sensitivity to art and taste.

Music

A form of art and cultural expression consisting of sound organized through rhythm, melody, harmony, and timbre.

Woodworking

The activity or skill of making items from wood, including carpentry, woodcarving, and joinery.