Self interest helps achieve society's economic goals because it encourages each economic agent to look for maximum benefits at the minimum cost possible
In economics, self-interest is the idea that the best economic benefit for all can usually be accomplished when individuals act in their own self-interest.
Self-interest refers to actions that elicit personal benefit. Adam Smith, the father of modern economics, explains that individuals usually benefit most from acting in their own interests. According to his theory, the Invisible Hand creates goods and services that benefit both producers and consumers when dozens or even thousands act in their own self-interest.
Economies in which goods and services can be freely exchanged are characterized by self-interest and competition. As a result of these forces, good and services supply and demand as well as their value are influenced.
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The correct answer is the<span> Memory-System perspective.
The </span>Memory-System perspective states that there are three different types of memories in humans:
i) Procedural Memory- Long-term memory of how to automatically perform physical tasks, such as driving and brushing your teeth.
ii) Semantic Memory- Ability to recall facts, such as the name of the first president of the United States.
iii) Episodic Memory- Memory of everyday life events.
The behavior which would be most successful for changing her eating habits in order to lose weight would be asking for a box at the beginning of the meal to split the portion on her plate when eating out.
Behavior modification, a method based on the work of B.F. Skinner, is an approach that aims to change unneeded behaviors with more advantageous ones thru either negative or positive reinforcement.
Remembering where the nearest gas station is when you unexpectedly run out of gas during your morning commute is an example of latent learning.
<u>Explanation:</u>
Latent learning cannot be revealed due to clear acceptance. It happens by absorbing very small support and comparisons. Until the occurrence of urge situation, the researchers is not taught with latent learning. It is the form of learning based on motivation and observation. The behavioral changes occurs only when there is guided motivation.
If a human observes some behavior and later repeats the same behavior when some similar situation occurs. In latent learning the knowledge is exploited only when there is motivation. In this type of learning, neither reward nor punishment is encouraged. The person might have absorbed the gas station someday without any commitment, but when it occurs he or she immediately get flashed up with the nearby gas station.
When we say active fiscal policy, this refers to the government who makes adjustments to the expenditures and tax rates in order to influence and check the economy of the nation. Based on the statements above, the one that is considered true would be statement A.
