An individual who wants to stop smoking but chooses not to
A) reflects future bias.
B) reflects present bias.
C) reflects irrationality.
D) reflects uncontrollable addiction.
B
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One way to assure that poor people will have a plentiful supply of affordable housing available to them is by imposing rent ceilings
Indicate whether the statement is true or false
If adverse selection exists in a market,
A) it increases consumer surplus but reduces producer surplus. B) it reduces consumer and producer surplus. C) it reduces producer surplus but has no impact on consumer surplus. D) it increases both consumer and producer surplus.
ARCH and GARCH models are estimated using the
A) OLS estimation method. B) the method of maximum likelihood. C) DOLS estimation method. D) VAR specification.
Banks cannot fail, even when they make a large number of bad loans
Indicate whether the statement is true or false