Which of the following reasons do economists use to explain why people are overweight?
a. People undervalue the utility to be received in the future.
b. People overvalue the utility from current choices.
c. People's preferences are not consistent over time.
d. All of the above explain why people are overweight.
d. All of the above explain why people are overweight.
You might also like to view...
One reason college students do not study enough to get high grades is that they are unrealistic about their future behavior
Indicate whether the statement is true or false
Equilibrium GDP occurs when total spending equals total output
a. True b. False Indicate whether the statement is true or false
When consumers cannot tell the difference at the time of sale between high-quality products and those with defects, strong sales of the low-quality products will tend to depress price and drive the high-quality products from the market. Economists call this
a. the curse of advertising. b. the imperfect information problem. c. the brand name problem. d. an open-access resource.
The natural rate of unemployment is impervious to economic policy
a. True b. False Indicate whether the statement is true or false