Susie doesn't buy ice cream this week at the grocery store because she intends to start a diet in a few days. Her behavior is an example of:

A. positive framing.
B. the endowment effect.
C. status quo bias.
D. a commitment device.


Answer: D

Economics

You might also like to view...

On the "supply side" of a market, producers indicate to consumers what they are willing to sell, in what quantity and at what price

Indicate whether the statement is true or false

Economics

If there is a(n) __________ in reserves, the potential change in demand deposits is __________

A) deficiency; 0 B) deficiency; positive C) deficiency; negative D) excess; negative

Economics

Opportunity cost is best defined as

A). the opportunity to earn a profit that is greater than the one currently being made. B). the amount that is given up when choosing an activity that is not as good as the next best alternative. C). the amount given up when choosing one activity over all other alternatives. D). the amount given up when choosing one activity over the next best alternative.

Economics

When the IMF provides loans to developing countries, it often requires these countries to adopt:

A. a contractionary fiscal policy and an expansionary monetary policy. B. contractionary monetary and fiscal policies. C. expansionary monetary and fiscal policies. D. a contractionary monetary policy and an expansionary fiscal policy.

Economics