What is the subfield of economics that applies psychological insights into human behavior to explain economic decision-making?
Personal Finance

Flashcard
•
Business
•
12th Grade
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
Back
Behavioral Finance
2.
FLASHCARD QUESTION
Front
What is an error in thinking that leads to irrational decision making?
Back
Cognitive Bias
3.
FLASHCARD QUESTION
Front
Who is a person, company, or country that makes, grows, or supplies goods or commodities for sale?
Back
Producer
4.
FLASHCARD QUESTION
Front
Who is a person who purchases goods and services for personal use?
Back
Consumer
5.
FLASHCARD QUESTION
Front
What is the importance, worth, or usefulness of something?
Back
Value
6.
FLASHCARD QUESTION
Front
What is the practice or science of collecting and analyzing numerical data?
Back
Statistics
7.
FLASHCARD QUESTION
Front
What are all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time?
Back
Personal Finance
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