In Minnesota, tax collectors found that threatening late filers with warnings and fines does not increase tax compliance. Instead, they publicized the fact that most Minnesotans had already filled in their returns. What type of nudge is this?
A. There is no nudge involved.
B. An information nudge
C. An advantageous default option nudge
D. A pricing nudge
Answer: B
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All of the following are characteristics of a bond except
A) the coupon payment is the interest payment on the bond. B) a bond represents a promise to repay a fixed amount of funds. C) bonds generally pay dividends each year. D) the face value is repaid when the bond matures.
Having an absolute advantage in the production of a good implies that a country
a. should specialize in the production of the good b. is able to produce the good with fewer resources than another country c. should not specialize in the production of the good d. also has the comparative advantage in the production of the good e. cannot have an absolute advantage in the production of the good
Comment on the following: "Present-biased people are impatient, but impatient people don't necessarily have to be present-biased."
What will be an ideal response?
Refer to Table 20-19. Looking at the table above, what is the approximate rate of growth of real average hourly earnings from 2014 to 2015?
A) 15% B) 4.4% C) -1.5% D) -4.8%