The idea that in social relationships there is an exchange of valued goods, be they material or emotional, is known as ______.

Name: The idea that in social relationships there is an exchange of valued goods, be they material or emotional, is known as ______.
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Question

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Social exchange theory posits that social behavior is the result of an exchange process, aiming to maximize benefits and minimize costs in relationships, including both material and emotional exchanges.

The Idea That in Social Relationships There Is an Exchange