Economists Assume That

question 63

Multiple Choice

Economists assume that

• A)individuals behave in unpredictable ways.
• B)consumer behavior is explained by the existence of unlimited resources.
• C)people put other people's interests ahead of their own.
• D)optimal decisions are made at the margin.

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Definitions:

Functionalism

A theoretical framework in psychology that explains mental states and behaviors in terms of their adaptive functions and contributions to survival and reproduction.

Positive Psychology

An area of psychology focused on the study of happiness, well-being, and factors that contribute to a fulfilling life.

Positive Individual Traits

Inherent characteristics or qualities that contribute to an individual's strength, resilience, and positive behavior.

Courage

The ability to confront fear, pain, danger, uncertainty, or intimidation.