What Is an Economic Theory That Assumes That People Act

question 16

Multiple Choice

What is an economic theory that assumes that people act in self-interest and that conflict is caused by people's drive to maximize their own or their group's rewards to the detriment of other groups' interests?

• A) Intersectionality theory
• B) Relative deprivation theory
• C) Realistic conflict theory
• D) Equity theory

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Definitions:

Visual World

The perception of the environment and objects around us through the sense of sight.

Perceived Loudness

The subjective interpretation of the intensity of a sound, which can vary depending on the listener and the context.

Pitch

The perceived frequency of a sound, determining how high or low it sounds.

Color Vision

The ability of the eye to distinguish objects based on the wavelengths (or frequencies) of the light they reflect, emit, or transmit.