The Field of Economics That Draws on Insights from Psychology

question 50

Multiple Choice

The field of economics that draws on insights from psychology to expand models of individual decision making is called:

• A)behavioral economics.
• B)psychological economics.
• C)emotional economics.
• D)decision optimization economics.

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Definitions:

Brown v. Board

A landmark Supreme Court case in 1954 that declared state laws establishing separate public schools for black and white students unconstitutional.

Linda Brown

A key figure in the U.S. civil rights movement, she was the child associated with the landmark Supreme Court case Brown v. Board of Education, which declared racial segregation in public schools unconstitutional.

With All Deliberate Speed

A phrase used in the 1954 Supreme Court decision Brown v. Board of Education, mandating the desegregation of public schools, but allowing it to proceed at a gradual pace.

Desegregate

To abolish racial segregation, particularly in public institutions like schools and facilities.