Asked by
Khanh Tran Minh
on Nov 25, 2024
Verified
Neoclassical and behavioral economics are generally viewed as complementary.
Neoclassical Economics
An economic theory that focuses on how the perception of utility and costs influence the supply and demand equilibrium.
Complementary
Products or services that enhance or are used together with another, increasing the value or usability of either.
- Master the introductory concepts of behavioral economics and how they vary from neoclassical economics.
Verified Answer
MQ
Learning Objectives
- Master the introductory concepts of behavioral economics and how they vary from neoclassical economics.
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