Behavioral economics can best be described as
A) the study of situations in which people's choices do not appear to be economically rational.
B) the study of human economic behavior.
C) the basis for efficient markets.
D) the study of how the economy affects human behavior.
A
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Which of the following is NOT an obstacle to increased international economic integration?
A) Monopoly powers given to domestic companies of individual nations B) High tariff rates imposed by industrialized nations C) Health and safety standard requirements D) Labor and environmental standard requirements E) Income disparities among and within trading partners
Everything else held constant, if aggregate output is to the ________ of the IS curve, then there is an excess demand of goods which will cause aggregate output to ________
A) right; fall B) right; rise C) left; fall D) left; rise
Consider the Keynesian consumption function. If disposable income is greater than the break-even level of disposable income, then households will be:
a. investing. b. borrowing. c. dissaving. d. saving.
Which of the following contributes to economic? growth?
A) increase in environmental protection policies
B) increase in labor regulations restricting the hours of overtime allowed
C) increase in labor productivity
D) increase in consumer spending