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:

Energy

Pertains to the capacity for vigorous activity and the power to do work, essential for both physical and mental tasks.

Positive Feedback

Encouraging comments or critiques aimed at reinforcing desired behaviors or achievements.

Vitality

The state of being strong, active, and full of energy; often associated with health and vigor.

Rewarding Individual

Someone who finds fulfillment and satisfaction in their actions or achievements.