Related to the Economics in Practice on Page 35: the Results

question 159

Multiple Choice

Related to the Economics in Practice on page 35: The results of the survey conducted by Esther Duflo and Abhijit Banerjee found that in extremely poor societies,

• A) household choice plays no role in consumption decisions.
• B) all consumption decisions are made by the government.
• C) household choice even plays a role in non-food-related consumption decisions.
• D) the only consumption decisions in which household choice plays a role is in the consumption of biological needs such as food.

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Definitions:

Charisma

A compelling charm or allure that inspires devotion or admiration in others.

Collectively Achieve

Refers to the process where a group works together to reach a common goal or complete a task.

Impression Management

The process by which individuals attempt to control the perceptions others have of them, often in professional or social contexts.

Internalization

A process in which individuals integrate beliefs, norms, or values into their own views or behaviors, often as a part of social learning.