The principle that describes why rare rewards are in more demand than rewards that are common involves which discipline?
A) sociological
B) operant
C) economic
D) philosophical

Question

Quizplus · Accepted Answer

This principle is known as scarcity, which is a foundational concept in economics. It states that when a good or service is limited in quantity, its perceived value increases, and people are willing to pay more for it. In the case of rewards, rare rewards are considered more valuable than common ones, as they are more difficult to obtain, and therefore, are more scarce. This concept applies to various areas of life, including consumer goods, job opportunities, and even social relationships.

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