An action that an individual takes in one period to try to control her behavior in a future period is called
A. a maximin strategy.
B. a commitment device.
C. behavioral conditioning.
D. Pavlovian behavior.
Answer: B
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For economic purposes in the United States, the working-age population does not include:
A. anyone without a driver's license. B. someone who is 65. C. someone who is 16 and does not want to work. D. anyone in the military.
Which of the following would be an example of basic research?
A. Studies of the atmosphere on Neptune B. Research into gene therapy to treat Alzheimer's disease C. A pharmaceutical company's research into a chemical compound that could reduce the growth rate of cancer cells D. Studies of circuit miniaturization for applications in computers
All but which of the following is a reason policymakers are concerned about the strength of the rebound from the 2007-2009 financial crisis:
A. investors would be cautious about buying securitized assets. B. banks would make credit expensive and difficult to obtain. C. the pace of technological change would slow. D. households would prefer to save more and borrow less.
The Ricardian notion that of diminishing returns implies that
a. as more input is used more output will be made. b. as more input is used less output will be made. c. as more input is used the increase in output will increase. d. as more input is used the increase in output will decrease.