Psychology And The Economy

Question 1

What is the economy and what improves it

Answer 1

The economy is the production and consumption of goods and services
Healthy society - more productive people - more jobs and more tax
Effective ads - increase demand

Question 2

Economy and maternal deprivation

Answer 2

Found that there’s lower IQ with people with maternal deprivation and they have physical malnourishment

Society understand these factors and have improved their policies by increasing family visits in hospitals to avoid this

This improves the economy as when they are adults they are more productive which means less costs on mental health supports

Question 3

Economy and social influence

Answer 3

People pay taxes and charity to fit in with society

This means that there’s more money for the government and therefore better economy

Question 4

Behavioural theories and the economy

Answer 4

Behavioural rewards (positive reinforcement) on Facebook through likes

This causes more money from ads and therefore increased economy

There is also positive reinforcement from gambling - more money - more tax and better economy

Question 5

Neurotransmitters and economy

Answer 5

Used to create drugs to reduce symptoms of mental health which increases amount of people in the work place and increases tax rates