_________________ Uses the Economic Metaphor of Costs and Benefits to Predict

question 21

Multiple Choice

_________________ uses the economic metaphor of costs and benefits to predict behavior.

• A) systems theory
• B) situational theory
• C) action assembly theory
• D) social exchange theory
• E) framing theory

---

Definitions:

Physicals

Refers to physical commodities or assets, as opposed to financial instruments or derivatives, that are traded or examined.

Price Ceiling

A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers.

Market Price

The amount of money a buyer is willing to pay and a seller is willing to accept for a good or service in a competitive market.

Shortage

A market condition in which the demand for a product or service exceeds its supply, often leading to higher prices.