Traditionally, economists have considered culture, customs, and religion as
A)very important influences on the choices consumers make.
B)relatively unimportant factors in explaining the choices consumers make.
C)important influences in explaining consumer choices in command economies but less important in market economies.
D)subject to normative economic analysis rather than positive economic analysis.

Question

Quizplus · Accepted Answer

Traditionally, economics has focused on rational decision-making by consumers based on self-interest and market forces. While culture, customs, and religion can certainly influence consumer choices, economists have often viewed these factors as secondary to economic factors such as prices and availability of goods and services. However, this view is changing with the recognition that cultural and social norms can play a significant role in shaping economic behavior.

Traditionally, Economists Have Considered Culture, Customs, and Religion as