Balin Purchases Fair Trade Cocoa Out of Concern for Workers

question 153

Multiple Choice

Balin purchases fair trade cocoa out of concern for workers' rights and environmental sustainability. He could purchase cocoa of equal quality at a lower price. Behavioral economists would consider Balin's purchase

• A)unusual in that it demonstrates concern for others.
• B)purely self-interested but motivated by something other than his financial well-being.
• C)as evidence that Balin is not acting purely in his self-interest.
• D)a bad decision because it ignores important information that could improve Balin's well-being.

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Definitions:

Attentive

Refers to the quality of paying close attention to something or someone, showing careful attention to details.

Close Relationship

A strong and ongoing emotional connection between individuals, characterized by mutual affection and trust.

Making Friends

The process of building social connections or relationships based on mutual feelings, interests, or experiences.

Authoritarian

Describes a governing or leadership style characterized by strict obedience to authority, often at the expense of personal freedom.