Which of the following views most likely would belong to a behavioral economist?
A. Governments should never intervene in a housing bubble.
B. When people spend too much, they are just reflecting their wants.
C. More growth is needed to make society better off.
D. Change the institutional structure to get people to save more.
Answer: D
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By measuring ________ we can see that the economies of Hong Kong and Singapore are catching up to the economies of North America but that the economies of Central and South America are not
A) inflation per person B) real GDP per person C) the population D) real GDP
What is the free-rider problem? Why do free riders make the private provision of a public good inefficient?
What will be an ideal response?
By how much did real investment decline between 1929 and 1933?
A) 18% B) 20% C) 27% D) 81%
Consumption, saving, and wealth all represent stock concepts because they are measured over a period of time
a. True b. False Indicate whether the statement is true or false