When it comes to people's tastes,economists generally believe that

Question

Quizplus · Accepted Answer

Economists generally believe that people's tastes are based on historical and psychological forces, which are not necessarily within the realm of economics. These forces may include cultural norms, social influences, personal experiences, and individual preferences, among others. Therefore, understanding people's tastes requires interdisciplinary approaches that go beyond traditional economic models.

When It Comes to People's Tastes,economists Generally Believe That