A default rule:
A. is a consequence that users of commitment devices agree to if they fail to follow through with their commitment.
B. is a defined limit used to mark when someone is decidedly not making a good decision.
C. defines what will automatically occur if someone fails to make an active decision otherwise.
D. is the defined strength of a given commitment needed to get an individual to follow through with the commitment.
Answer: C
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According to this Application, by using a value-added approach to measure Wal-Mart's sales impact on the economy, we are
A) including GDP as a measure of welfare. B) using a chain-weighted index. C) avoiding double-counting. D) excluding the net foreign sector.
The only way to get people to make risky investments is to offer ______________.
Fill in the blank(s) with the appropriate word(s).
A man-made resource such as a building or a machine is an example of which resource?
A. entrepreneurial ability B. physical capital C. labor D. human capital
The federal government and insurance companies are examples of third party
A. users of health care. B. providers of health care. C. observers of health care. D. payers for health care.