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Gnoma [55]
3 years ago
6

An interdisciplinary subfield that focuses on how social and cognitive psychology relate to economic decision making is called _

_________.
Social Studies
1 answer:
kondor19780726 [428]3 years ago
3 0

Answer:

behavioral economics.

Explanation:

Behavior theory is used to determine how the economic decisions of individuals are influenced by the psychological and cognitive factors. It is the blend of economical and psychological ideas to identify systematic errors in a particular situation. This understanding of in which circumstances one makes error helps to provide a valuable insight into economic decision making.

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What term defines poverty in relation to others economic position
barxatty [35]

Answer:

Relative Poverty

Explanation:

Relative poverty will consider the amount that average people earn in a certain society to determine whether a person is poor or not.

For example,

In united states, 4 persons families are considered To be living in poverty line if theya re earning less than $25,750 per year.  On average the median household income for the people in united states is around $63,000 per year.

BUT,

family with $25,750 income per year only considered to be poor if compared to other people in united states. If that same family is compared to the rest of the world, that family will be considered to be economically well off, since the average household income of the world is only around $9,733 per year.

6 0
3 years ago
CORRECT ANSWER GETS BRAINLIEST
katrin2010 [14]

Answer:

B

Explanation:

i hope this helps

6 0
3 years ago
When tax rates are too high, a decrease in tax rates will cause a(n) __________ in the tax revenue.
lisabon 2012 [21]

Answer:

decrease.

Explanation:

The laffer curve is a curve that is used to describe the relationship between the tax rate and tax revenue. if government-induced high tax rates then it directly affects the tax revenue due to the negative impact on investment activities. while on the other side if the government cut the tax rate then it will encourage the economic stability and enhance the tax revenue

5 0
3 years ago
What is called turnout?
mote1985 [20]

Voter turnout is the percentage of eligible voters who participated in a certain election commonly referred to as those who cast ballots.

This can be the proportion of voters who are registered, eligible, or of voting age. Political scientists Adam Bonica and Michael McFaul of Stanford University claim that there is general agreement that "democracies perform better when more people vote. Voting participation rates vary by social class. Significant differences between voters and nonvoters become less pronounced when turnout near 90%, although in elections with lower turnout, these inequalities can still be rather stark. Voter turnout has profound long-term effects on democracies' capacities to function, more so than variations in particular election results. For instance, regulatory capture frequently hinders popular democratic measures like simplifying elections in low-turnout democracies.

learn more about turnout here:

brainly.com/question/29549650

#SPJ4

7 0
1 year ago
Which of the following countries does not have a highly developed economy?
erica [24]

Answer:

D. Germany

Explanation:

6 0
3 years ago
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