If you buy something with a gift card that you would never buy with your own money, you are exhibiting ______ behavior.

a. anchoring
b. compartmentalizing
c. framing
d. gambling


b. compartmentalizing

Economics

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Inflation over time necessarily makes consumers worse off

Indicate whether the statement is true or false

Economics

State two characteristics of the long-run equilibrium under perfect competition

Economics

Resources are costly because they have alternative uses

a. True b. False Indicate whether the statement is true or false

Economics

The slope of the budget line is the amount of one commodity that a consumer must give up in order to obtain an additional unit of the other commodity

a. True b. False Indicate whether the statement is true or false

Economics