One Major Feature of the Economic Perspective Is

question 86

Multiple Choice

One major feature of the economic perspective is:

• A) that scarcity is more important than choice.
• B) that costs are more important than benefits.
• C) the assumption of purposeful behavior by individuals.
• D) the idea that the economy has unproductive resources.

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Definitions:

Law Of Effect

One of Thorndike’s laws of learning, which states that the consequence, or effect, of a response will determine whether the tendency to respond in the same way in the future will be strengthened or weakened.

Edward Thorndike

An influential psychologist known for his work on learning theory and the law of effect.

Formulated

The process of creating or devising a strategy, plan, or concept in a detailed and systematic manner.

Condition Your Dog

The process of training your dog to behave in a certain way or respond to certain commands through the use of rewards and punishments.