Which of the following is not an implication of hardwired heuristics?
A. Getting people to make positive behavioral changes is about putting them in situations
where heuristics kick in and lead them to the desired outcome.
B. Getting people to make better decisions is simply a matter of providing more information
and more options.
C. People who know and understand hardwired tendencies of others can take advantage of
situations.
D. Even when confronted with irrefutable information that a behavior is detrimental, people
still may not change what they're doing.
Answer: B
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The takings clause indicates that private property can be seized only if the property in question is being taken for public use. Does "public use" mean using seized property only for pure public goods and services? Explain your answer
What will be an ideal response?
Which of the following is a liability on the balance sheet of the Federal Reserve System?
A) currency B) U.S. government securities C) mortgage-backed securities D) None of the above are correct because they are all assets of the Federal Reserve.
A contractionary monetary policy can reduce real GDP if expectations are formed rationally and monetary policy is
A) combined with expansionary fiscal policy. B) carried out in total secrecy. C) publicly announced and credible. D) combined with contractionary fiscal policy.
The rate-of-return regulated public utility has strong incentive to control cost
Indicate whether the statement is true or false