It Is Useful to Assume That There Is a Single

question 42

Multiple Choice

It is useful to assume that there is a single representative consumer because

• A) this is realistic.
• B) this is a useful abstraction if we are interested in problems where distribution effects are not important.
• C) this is the only model we know how to work with.
• D) a model with one consumer is the same as one with many consumers.

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Definitions:

Reinforcements

In behavioral psychology, stimuli which increase the likelihood of a behavior being repeated, can be positive or negative.

Existential Therapies

A group of psychotherapies emphasizing autonomy, freedom, and the search for meaning, focusing on the human condition as a whole.

Psychotherapy Practice

The professional application of psychological methods, particularly when based on regular personal interaction, to help a person change behavior and overcome problems in desired ways.

Technological Revolution

A period of rapid technological development and innovation that significantly transforms economies, societies, and culture.