When shopping online, as part of the check-out process, companies often have a box checked automatically that states you want to receive promotional e-mails from them. The directions instruct you to uncheck the box if you do not wish such correspondence. This practice is a good example of:
A. time inconsistency.
B. endowment bias.
C. status-quo bias.
D. endowment effect.
Answer: C
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You are given the following straight-line trend equation: Sales = 1,275 + 89.3t, where 1990 represents t = 1. Project sales for 2000
What will be an ideal response?
The term "future value"
A. can be determined by inverting the formula for present value. B. is not used in modern public finance analysis. C. refers to the present value of future money. D. includes the shadow prices of all goods used in a project.
Consumption spending that is independent of the level of income is known as
a. marginal consumption b. transitory consumption c. permanent consumption d. relative consumption e. autonomous consumption
As the number of sellers in an oligopoly becomes very large,
a. the quantity of output approaches the socially efficient quantity. b. the price approaches marginal cost. c. the price effect is diminished. d. All of the above are correct.