In behavioral economics people gravitate toward certain points. These points are called:
A. anchor points.
B. feedback points.
C. path-dependent points.
D. best fit points.
Answer: A
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In the foreign exchange market, a balance of payments surplus is represented by:
A) excess supply of dollars. B) excess demand for dollars. C) equilibrium in the foreign exchange market. D) none of the above.
Critics argue that firms use advertising to develop consumer preferences
a. True b. False Indicate whether the statement is true or false
The same size decrease in the amount of capital stock per worker will cause output per worker to fall by more in a country with a relatively high level of capital per worker than in a country with a relatively low level of capital per worker
a. True b. False Indicate whether the statement is true or false
Automatic stabilizers _____
Fill in the blank(s) with the appropriate word(s).