The implementation of choice architecture that alters people's behavior in a deliberate and predictable way without changing economic incentives much is called:
A. shifting.
B. influencing through choice.
C. baiting.
D. nudging.
Answer: D
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Which of the following is NOT a characteristic of a perfectly competitive market?
A. Sellers can easily buy and sell the productive resources needed to enter the market. B. Buyers and sellers are well-informed. C. Each firm in the market sells a somewhat different variant of the good. D. There are many sellers, each of which sells only a small fraction of the total quantity exchanged.
A country recently had a GDP of $1000 billion. Its consumption expenditures were $650 billion, its government spent $250 billion, and it had domestic investment of $150 billion. What was the value of this country's net capital outflow? Explain how you found your answer
Refer to Figure 26-5. Starting at point A, a change in tax laws that encouraged households to save more would likely cause
a. the quantity of loanable funds traded to increase to $125 and the interest rate fall to 5% (point D). b. the quantity of loanable funds traded to increase to $125 and the interest rate to rise to 7% (point C). c. the quantity of loanable funds traded to decrease to $75 and the interest rate to fall to 5% (point B). d. the quantity of loanable funds traded to decrease to $75 and the interest rate to rise to 7% (point E).
The federal personal income tax is _____ progressive than it was in 1980.
Fill in the blank(s) with the appropriate word(s).