The ________ Approach Generally Endorses the Idea That Reality Is

question 1

Multiple Choice

The ________ approach generally endorses the idea that reality is external to individuals and no one can predict future behavior based on observations of past behavior.

• A) social science
• B) interpretive
• C) critical
• D) post-modern

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Definitions:

Invisible Hand

The tendency of competition to cause individuals and firms to unintentionally but quite effectively promote the interests of society even when each individual or firm is only attempting to pursue its own interests.

Behavioral Economics

A branch of economics focusing on how psychological, cognitive, emotional, cultural, and social influences impact the economic choices made by individuals and institutions.

Threat of Rejection

The fear or concern that one's ideas, actions, or presence will not be accepted by others.

Behavioral Economics

A field of economics that examines the effects of psychological, cognitive, emotional, cultural, and social factors on economic decisions.