Behavioral Economists Have Developed Tools That Help People

question 69

Multiple Choice

Behavioral economists have developed tools that help people:

• A)find the lowest cost for items that maximize their utility.
• B)enact choices they say they want to make,but often don't.
• C)enact utility-maximizing decisions based on complete information.
• D)Behavioral economists have not developed tools that help people with any of these.

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Definitions:

Exhaustion

A state of extreme physical or mental fatigue, often resulting from stress or extended periods of exertion.

Alarm Reaction

The initial phase in the body's response to stress, mobilizing resources to face the threat or challenge.

Tend-And-Befriend

A behavior exhibited by some animals, including humans, as a stress response, where individuals seek social affiliation and nurturing activities to reduce stress.

General Adaptation Syndrome

A three-phase response (alarm, resistance, exhaustion) of the body to stress, identified by Hans Selye.