An economic naturalist is described as someone who
A) uses economic arguments to protect forests and wetlands from development.
B) has a natural talent for drawing graphs.
C) applies economic insights to everyday life.
D) studies the process of natural selection in a marginal cost and marginal benefit framework.
E) is considered a mainstream economist.

Question

Quizplus · Accepted Answer

An economic naturalist is someone who applies economic insights to everyday life, seeking to explain why people behave the way they do and how they respond to incentives. It is a way of thinking about the world that can be applied to a wide range of issues and problems, from consumer behavior to environmental sustainability. While economic arguments may be used to protect forests and wetlands from development, this is not the singular defining characteristic of an economic naturalist.

An Economic Naturalist Is Described as Someone Who