Scientific Process - Psychology & the Economy

Question 1

What is the economy?

Answer 1

The state of a country/region in terms of the production and consumption of goods and services and the supply of money

Question 2

In what different ways does psychology affect the economy?

Answer 2

Healthcare services
Laws and policies
Government finances
Employment and productivity

Question 3

What do we learn from social influence research?

Answer 3

Tell is how behaviours and attitudes can be changed (majority/minority influence authority)

Question 4

How does social influence research help the economy?

Answer 4

Encourage people to engage in more healthy behaviours which can reduce pressure on NHS resources as people take less time off sick

Question 5

What do we learn from memory research?

Answer 5

How the cognitive interview can improve the amount of accurate information collected from eyewitness

Question 6

How does memory research help the economy?

Answer 6

Reduce money spent on wrongful arrests and wasted police time

Question 7

What do we learn from attachment research?

Answer 7

The roles of parents and how they impact their children

Question 8

How can attachment research affect the economy?

Answer 8

Allow us to help children develop so they can contribute positively to society

Reduce gender pay gap if women seen as more equal

Question 9

What do we learn from psychopathology research?

Answer 9

How to improve health/treatment programs

Question 10

How can psychopathology affect the economy?

Answer 10

Reduce time people take off work

Newer treatments developed often more expensive, increasing costs