Status-quo bias is:
A. a person's choice being influenced by others' opinions.
B. a reluctance to make active decisions to change something, even if it is fairly easy to do so.
C. not overcome in the SMarT program because saving is not the default option.
D. All of these statements are true.
B. a reluctance to make active decisions to change something, even if it is fairly easy to do so.
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Refer to Figure 4-15. The price buyers pay after the tax is
A) $7. B) $20. C) $22. D) $27.
When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.PriceQuantityTC$500$10.00$501$20.00$502$27.50$503$77.50$504$147.50$505$250.00According to the table shown, fixed costs must be:
A. $200. B. $10. C. $60. D. Fixed costs cannot be determined by the information in the table.
Exhibit 15-4 Balance sheet of Tucker National Bank Assets Liabilities Required reserves$ 4,000 Checkable deposits$20,000 Excess reserves16,000 Loans 0 Total$20,000 Total$20,000 The required reserve ratio in Exhibit 15-4 is:
A. 5 percent. B. 10 percent. C. 15 percent. D. 20 percent.