One explanation that behavioral economists give for procrastination and other time-inconsistent behavior is
A) people's personal discount rate is greater in the far future than in the near future.
B) people's personal discount rate is smaller in the far future than in the near future.
C) people's personal discount rate is the same in the far future as in the near future.
D) None of the above.
B
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During the 1930s, labor legislation was
(a) generally favorable to organized labor. (b) generally unfavorable to organized labor. (c) generally neutral with regard to organized labor. (d) virtually the same compared to previous periods.
An increase in income causes the demand of normal goods to _________ and the price of normal goods to
a. Increase; increase b. Increase; decrease c. Decrease; increase d. Decrease, decrease
In the spot market, the ________ is the difference between the bid and offer rates and is the trader's profit margin.
A) bid B) offer C) cross rate D) spread
What percentage of United States personal income in 2017 came from ownership of property?
A. 9% B. 28% C. 51% D. 64%