DISS 2nd Sem - 4thQ (Approaches in the Social Sciences)

The rational choice approach represents preferences as real-valued utility functions.

• TRUE

• FALSE

A person starts with a desire – create a belief – propels you to do nothing.

• TRUE

• FALSE

Economists use an illogical axiom wherein they make a decision. They make a certain pattern in which they can make a rational choice.

• TRUE

• FALSE

Constraints define the limits to the set of feasible actions.

• TRUE

• FALSE

People act irrationally when making choices aimed at optimizing their pleasure or profit.

• TRUE

• FALSE

There are two dominant perspectives in institutionalism: old institutionalism and new institutionalism.

• TRUE

• FALSE

Beliefs, norms, and values are categorized under formal institutions.

• TRUE

• FALSE

Informal institutions may be intentionally created by people in society to satisfy basic needs for existence.

• TRUE

• FALSE

The institution is an established official organization with an important societal role.

• TRUE

• FALSE

The main job of an institution is to regulate three parts of society: economy, politics, and ideology.

• TRUE

• FALSE