When considering choice architecture, a nudge:
A. allows participants to choose among only choices that are good for them.
B. can sometimes accomplish public policy goals in a less expensive way than traditional methods.
C. presents choices that are similar to participants' ideal choices, but are slightly better than them.
D. is a deliberate push by choice architect to get all people to behave a certain way.
B. can sometimes accomplish public policy goals in a less expensive way than traditional methods.
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A firm whose production function displays increasing returns to scale will have a total cost curve that is:
a. a straight line through the origin. b. a curve with a positive and continually decreasing slope. c. a curve with a positive and continually increasing slope. d. a curve with a negative and continually decreasing slope.
If the marginal propensity to consume is 0.60, the marginal propensity to save will be: a. greater than 0.60. b. equal to 0.40
c. equal to 0.60. d. equal to 0.
The short-run aggregate supply curve in modern Keynesian analysis represents the relationship between
A. the nominal output of goods and services and the real output of goods and services. B. the real output of goods and services in the economy and the price level when people have fully adjusted their behavior. C. the real output of goods and services in the economy and the price level when people have not fully adjusted their behavior. D. the nominal amount of goods and services in the economy and the price level.
You agree to lend a friend $15,000 for a year at an annual interest rate of 20%. At the end of the year your friend must pay you ________ in interest.
A. $133 B. $750 C. $1,500 D. $3,000