Which of the Following Statements Best Describes Psychology

question 4

Multiple Choice

Which of the following statements best describes psychology?

• A) Much of psychology is just common sense.
• B) Much of psychology is about applying common sense to everyday life.
• C) Psychological principles are highly applicable to everyday life.
• D) Psychological principles are too scientific to apply to everyday life.

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Definitions:

Price Ceilings

a government-imposed limit on how high a price can be charged for a product, service, or commodity.

Black Markets

Unauthorized or illegal trading of goods and services that violate government regulations.

Suppliers

Businesses or individuals that provide goods or services to another entity in a supply chain.

Good Policy

A set of principles or guidelines designed to achieve rational outcomes, often considered to be beneficial for the majority.