Economists Are Particularly Adept at Understanding That People Respond to

question 18

Multiple Choice

Economists are particularly adept at understanding that people respond to

• A)laws.
• B)incentives.
• C)punishments more than rewards.
• D)rewards more than punishments.

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Definitions:

Psychoanalyst

A therapist who follows and practices psychoanalytic theories, primarily those of Freud, focusing on the unconscious mind.

Denial

A defense mechanism where a person refuses to accept reality or facts, blocking external events from awareness.

Defense Mechanism

Unconscious psychological strategies employed to protect oneself from anxiety or social sanctions and to provide a refuge from a situation with which one cannot currently cope.

Painful Realities

The acceptance or acknowledgment of difficult, distressing, or unpleasant truths or situations.