The implementation of choice architecture that alters people's behavior in a deliberate and predictable way without changing economic incentives much is called:
A. influencing through choice.
B. nudging.
C. shifting.
D. baiting.
B. nudging.
Economics
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Of the following, demand is likely to be the least elastic for
A) Ford automobiles. B) Toyota automobiles. C) compact disc players. D) toothpicks.
Economics
Which of the following pairs of market types are both characterized by having a large number of firms?
A) monopoly and oligopoly B) monopoly and monopolistic competition C) perfect competition and oligopoly D) perfect competition and monopolistic competition
Economics
Social Security is an earmarked tax
a. True b. False
Economics
An increase in oil prices is considered a supply shock because it would lead to a shift of the aggregate supply curve
a. True b. False
Economics