According to neuroeconomists, the limbic portion of the brain called the amygdala is more primitive and deals with emotion
a. True
b. False
Indicate whether the statement is true or false
True
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What do we assume about households and firms?
A) They act irrationally. B) They do what the government tells them to do. C) They look after each other. D) They optimize.
According to the life-cycle hypothesis, as people grow older ________
A) their wealth grows before and after retirement B) their wealth declines before and after retirement C) their wealth grows before retirement, then declines after retirement D) their wealth falls before retirement, then rises after retirement
During a financial crisis the possibility of bank failures rose. An increase in the likelihood of a bank failing shifts demand for its stock
A. right, so the price rises. B. left, so the price rises. C. right, so the price falls. D. left, so the price falls.
In the United States, the bulk of health care spending is paid by health insurance companies. Such a system is also called a ________ where consumers of health care pay a nominal fee and the rest is paid by the health insurance provider
A) universal health care system B) third-party payer system C) socialized medicine system D) single-payer system