Projection bias:
A. is the tendency to evaluate future consequences based on tastes and needs at the moment of the decision making.
B. is the tendency to project future states of mind into the present.
C. can lead people to overestimate their adaptability.
D. All of these are true about project bias.
A. is the tendency to evaluate future consequences based on tastes and needs at the moment of the decision making.
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Economies where production and distribution decisions are made by the government are called
A) command economies. B) market economies. C) mixed economies. D) capitalist economies.
If the CPI basket costs $35 in the base period but costs $42, what is the CPI in the next period?
A) 83.3 B) $42 C) 20 percent D) 120
A disadvantage of the corporate form of business organization is that corporate income is taxed twice
a. True b. False
The following graph shows the marginal utility derived by a consumer from watching an additional baseball game every month. Which of the following is true of the total and marginal utilities derived from watching the baseball games?
a. ?For all the ten games, total utility decreases as marginal utility decreases. b. ?For all the ten games, total utility increases as marginal utility increases. c. ?For the first six games, total utility increases as marginal utility decreases. d. ?For the first six games, total utility decreases as marginal utility increases. e. ?For the last four games, both total and marginal utility increases.