Which of the Following Describes That There Is a Limit

question 28

Multiple Choice

Which of the following describes that there is a limit to our ability to make rational economic decisions

• A) rational economic thinking
• B) prospect theory
• C) behavioral economics
• D) bounded rationality

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Definitions:

Innate

Existing naturally or by birth rather than being learned or acquired.

Unconscious Conflict

Unconscious conflict refers to deep-seated internal dilemmas that lie outside of conscious awareness, often stemming from repressed thoughts or feelings.

Sociocultural Perspective

The view that focuses on the roles of ethnicity, gender, culture, and socioeconomic status in personality formation, behavior, and mental processes.

Trait Theory

A psychological perspective that suggests that personalities are composed of broad predispositions, or traits, that influence behavior.