Which of the Following Approaches Borrow Insights from Psychology to Help

question 23

Multiple Choice

Which of the following approaches borrow insights from psychology to help explain economic choices?​

• A)Behavioral economics
• B)Traditional economics
• C)Development economics
• D)Keynesian economics
• E)Classical economics

---

Definitions:

Reagan Administration

The presidential term of Ronald Reagan, the 40th President of the United States, from 1981 to 1989, known for its conservative policies and the end of the Cold War.

Weapons Deal

An agreement between parties, typically countries or organizations, for the sale and purchase of military arms and equipment.

Oliver North

A former United States Marine Corps lieutenant colonel involved in the Iran-Contra affair during the Reagan administration, known for his role in the sale of arms to Iran.

Nicaragua

A country in Central America known for its dramatic terrain of lakes, volcanoes, and beaches.