In Considering How to Allocate Its Scarce Resources Among Its

question 23

Multiple Choice

In considering how to allocate its scarce resources among its various members,a household considers

• A)each member's abilities.
• B)each member's efforts.
• C)each member's desires.
• D)All of the above are correct.

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Definitions:

Bandwagon Effect

A psychological phenomenon where people do something primarily because other people are doing it, regardless of their own beliefs.

Reactance

Reactance is a psychological response wherein individuals exhibit resistance or opposition to perceived attempts to constrain their freedom or autonomy.

Anticonformity

Behavior characterized by resistance to social norms or conventions, often for the sake of being contrary.

Independence

The state or condition of being free from being influenced or controlled by others, in terms of decision-making or action.