Websites and organization that use a "bet-against-yourself" system of encouraging people to work towards specific goals in the future are helping people deal with:
A. Framing effects
B. Mental accounting
C. Anchoring
D. Time inconsistency
D. Time inconsistency
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Which of the following statements is TRUE?
A) All monopolists are perfect price discriminators. B) All monopolists earn short-run economic profits. C) A monopolist will leave the market if it incurs an economic loss in the long run. D) A monopolist does not need barriers to entry to sustain a long-run economic profit.
Professional athletes often have contract clauses prohibiting risky activities such as skiing and motorcycle riding. These clauses are
A) limited-liability clauses. B) risk insurance. C) restrictive covenants. D) illegal.
United States coins and currency are backed by
A) silver. B) gold. C) reserves of foreign currencies. D) confidence that they will retain their value.
Some economists believe that the financial sector does not channel all saving back into the spending stream. Which of the following financial assets, when held by individuals, does not reenter the spending stream?
A. Loans B. Money C. Bonds D. Stocks