How does Psychology contribute to understanding economic choices and social interactions?

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ABy focusing on the allocation of scarce resources.

BBy exploring human behavior, cognition, and decision-making.

CBy providing historical context for social movements.

DBy analyzing the physical environment's impact on trade.

Answer:

Psychology:

Explores human behavior, cognition, and decision-making, influencing economic choices and social interactions

Related Questions:

Which of the following statements correctly describe the relationship between different branches of social sciences?

History provides context and perspective crucial for understanding social structures and changes over time, aiding in the comprehension of current economic challenges.
Geography's role is limited to explaining physical landscapes and has no significant influence on understanding trade or urban planning in social contexts.
Political Science primarily focuses on individual behavior and cognition, rather than power structures or governmental policies.
Sociology concentrates on human social behavior and relationships, frequently drawing upon historical data and interacting with fields like anthropology and economics.