According to the More-Is-Better Principle

question 47

Multiple Choice

According to the more-is-better principle,

• A) A consumer will always select the bundle that is ranked highest among all alternative bundles
• B) A consumer will prefer a bundle that has the largest amount of the good they prefer most
• C) Consumers always try to achieve the highest possible level of well-being
• D) When comparing two consumption bundles, a consumer prefers the bundle that has more of every good

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Definitions:

Balance Theory

A psychological theory suggesting that individuals strive for consistency among their beliefs, attitudes, and sentiments in a triadic relationship.

Triad

In social sciences, a group or relationship that involves three entities, which can significantly differ in dynamics from dyads (two entities).

Two-Component Model

A theory or framework that divides a concept or phenomenon into two distinct parts for better understanding or analysis.

Attitude

A psychological tendency expressed by evaluating an entity with some degree of favor or disfavor.