Balin purchases fair trade cocoa out of concern for workers' rights and environmental sustainability. He could purchase cocoa of equal quality at a lower price.
Behavioral economists would consider Balin's purchase:
a) unusual in that it demonstrates concern for others.
b) purely self-interested but motivated by something other than his financial well-being.
c) as evidence that Balin is not acting purely in his self-interest.
d) a bad decision because it ignores important information that could improve Balin's well-being.
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Balin purchases fair trade cocoa out of concern for workers' rights and environmental sustainability. He could purchase cocoa of equal ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Balin purchases fair trade cocoa out of concern for workers' rights and environmental sustainability. He could purchase cocoa of equal quality at a lower price.