If workers enroll in a savings plan and are asked to check a box to opt out of it, we are seeing an example of a nudge involving the:
A. incentive compatibility problem.
B. enlightened option.
C. default option.
D. information option.
Answer: C
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The key interest rate in the Eurocurrency market is the
A) London interbank offer rate. B) Eurobank spread rate. C) Prime rate. D) C.D. rate.
A derivative is any financial instrument whose value depends on the:
a. extent of asset diversification. b. expected rate of inflation. c. purchasing power of the people. d. value of an underlying asset.
When the price of a good falls, marginal utility per dollar spent on that good ________, prompting consumers to purchase ________ of that good.
A. rises; less B. rises; more C. falls; less D. falls; more
Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.