An example of a commitment device for Jane, who says she really wants to save more would be:
A. an agreement that she give any new clothes, jewelry, or makeup purchases to her best friend, and Jane is not allowed to borrow them.
B. a decision to cook her own food and not order take-out or delivery food unless she is too busy.
C. a commitment to only buy things on sale.
D. buying a piggy bank to store savings.
Answer: A
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Real GDP is $9 trillion in the current year and $8.6 trillion in the previous year. The economic growth rate between these years has been
A) 5.67 percent. B) 4.65 percent. C) 10.31 percent. D) 7.67 percent. E) $0.4 trillion.
Refer to the scenario above. Maria should submit a bid of ________
A) $300 B) $150 C) $200 D) $250
The Current Population Survey is conducted
What will be an ideal response?
Which of the following will cause the demand curve for product A to shift to the left?
A. Population growth that causes an expansion in the number of persons consuming A. B. An increase in money income if A is a normal good. C. A decrease in the price of complementary product C. D. An increase in money income if A is an inferior good.