Related to the Economics in Practice on p. 466: A recent study by economists at Yale University and the University of Chicago suggests that changing retirement plan enrollment options from a(n) ________ system to a(n) ________ system increased pension plan enrollment after three months of work from 65 percent of workers to 98 percent of workers.

A. mandatory; voluntary
B. voluntary; mandatory
C. "opt-out"; "opt-in"
D. "opt-in"; "opt-out"


Answer: D

Economics

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The ability to make counteroffers transforms bargaining from a game in which ________ trumps everything to a game in which ________ is the winning strategy.

A. first-mover advantage; patience B. patience; first-mover advantage C. commitment strategy; self-interested behavior D. first-mover advantage; cooperation

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When the consumption of one good does not preclude another person from consuming the same good, then there is __________ in the consumption of the good

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During the financial crisis of 2007-2009, the deposit expansion multiplier plummeted to a fraction of its normal value. Why?

What will be an ideal response?

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