Brittany decides to save $50 from each paycheck so that she can go on a Spring Break trip with her college roommates. However, when she gets paid this week, she spends all of her money on new clothes. Which of the following insights into human behavior does Brittany exhibit?
a. People are overconfident.
b. People care about fairness.
c. People are reluctant to change their minds.
d. People are inconsistent over time.
d
You might also like to view...
A study conducted by a research firm revealed that RiteCure Health Insurance charges higher premiums than most of its rivals. The study also revealed that unlike its rivals, 60% of RiteCure's customers have chronic illnesses
a) What is the link between these two findings? b) What is likely to happen if the premium continues to rise?
The government corporation that insures pension benefits is
A) Fannie Mae. B) Ginnie Mae. C) Penny Benny. D) Sallie Mae.
Which account of the balance of payments is most likely to be directly affected by a rise in the domestic price level?
a. Current international transactions b. Net nonreserve-related international borrowing/lending c. Official reserve-related (central bank) transactions d. None.
Considering the euro/U.S. dollar exchange rate, as a U.S. dollar increases in value versus the euro (holding other factors constant):
A. American goods become relatively less expensive than foreign goods. B. foreign goods become relatively less expensive than American goods. C. we would expect the supply curve of dollars to slope downward. D. foreign assets become relatively more expensive than American assets.