The Hedonic Principle Refers to the View That Humans Are

question 51

Multiple Choice

The hedonic principle refers to the view that humans are motivated to:

• A)pass on their traits to their offspring.
• B)gain knowledge.
• C)take risks.
• D)seek pleasure and avoid pain.

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Definitions:

Imports

Goods and services bought by a country from another country.

Trade Deficit

The amount by which the value of a nation’s imports exceed the value of its exports.

International Payments

Transactions between countries involving the transfer of money and payments for goods and services across borders.

Merchandise Exports

Goods produced domestically and sold to buyers in another country.