Saving equals:
A. current income minus spending on current needs.
B. wealth minus assets.
C. assets minus liabilities.
D. current spending minus current income.
Answer: A
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Most consumers in stores use marginal analysis to make their buying decisions.
Answer the following statement true (T) or false (F)
A "bad choice" as defined in choice architecture is a choice that:
A. policymakers want to nudge participants away from. B. is one that the chooser will regret later. C. is considered not optimal by the choice architect. D. policymakers consider not optimal for society, despite individual choosers' benefits.
A possible solution to the network externality problem is the government limiting the size of networks
a. True b. False Indicate whether the statement is true or false