A behavioral economist attempts to convince a group of people to choose one option over another by rewording the language of the option she prefers so it emphasizes benefits rather than costs. This economist is engaging in ______.
a. positive framing
b. negative framing
c. positive compartmentalizing
d. negative compartmentalizing
a. positive framing
Economics
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If the price of iPads falls while demand remains unchanged, then total consumer surplus will ____________.
Fill in the blank(s) with correct word.
Economics
Given an annual interest rate of 4 percent, what is the present value of receiving $5,000 in 2 years?
A) $4,585.45 B) $4,622.78 C) $4,535.25 D) $4,619.23
Economics
A person remodeling her house could obtain a loan from a
A) sales finance company. B) consumer finance company. C) business finance company. D) public finance company.
Economics
The most common estimate of the value of transactions used to estimate velocity is
a. real GDP. b. total sales. c. nominal GDP. d. cash balances.
Economics