Suppose the federal government passes laws that require banks to disclose the advantages of having their customers use automatic bill paying (an example of a RECAP policy). This would be an example of a:
A. shadow price.
B. nudge.
C. flawed assumption.
D. push.
Answer: D
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A scatter diagram of money growth rates and inflation rates from 1982 to 2010 indicates
A. a clear direct relationship between money growth and inflation. B. a clear indirect relationship between money growth and inflation. C. no clear relationship between money growth rates and inflation. D. that inflation is always and everywhere a monetary phenomenon.
An example of human capital is the purchase of a computer to help accountants
a. True b. False Indicate whether the statement is true or false
One of the important sources of income for a commercial bank is: a. the interest paid to its depositors
b. the loan that is not repaid. c. the charge imposed on the use of a debit card. d. the tax paid to the government.
One way people cope with uncertainty about the future is they:
A. avoid risks when it is reasonable to do so. B. only select risky alternatives if the expected value is twice as high as for a safe alternative. C. buy insurance. D. All of these are ways individuals cope with uncertainty.