As Compared to Sociologists and Psychologists,economists Accept Consumer Tastes as Given

question 95

Multiple Choice

As compared to sociologists and psychologists,economists accept consumer tastes as given and instead focus on

• A)How price will affect actual consumer purchases.
• B)How culture affects consumer preferences.
• C)How advertising molds consumer desires.
• D)What consumers desire.

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Definitions:

Functional Theory

A theory proposing that societal institutions and phenomena exist because they fulfill essential functions for the sustainability of society.

Balance Theory

A theory in social psychology which suggests that individuals strive for consistency in their relationships, attitudes, and beliefs, leading them to change or avoid conflicting situations.

Ed Dislikes Joe

A simple statement reflecting interpersonal dissonance or negative feelings held by one individual towards another.

Attitude Change

The process by which an individual's feelings, beliefs, or behaviors towards an object, person, or situation are altered.