Status-quo bias is:
A. when people actively make decisions to change something, even if it is fairly difficult to do so.
B. a type of mental barrier to saving.
C. not overcome in the SMarT program because saving is the default option.
D. when people have a negative view on the status quo.
Answer: B
You might also like to view...
Suppose a developing country experiences a reduction in machinery and capital equipment as foreign entrepreneurs decrease the amount of investment in the economy. As a result
A) the economy will move up along the long-run aggregate supply curve. B) the long-run aggregate supply curve will shift to the right. C) the long-run aggregate supply curve will shift to the left. D) the economy will move down along the long-run aggregate supply curve.
In real business cycle models and new classical models
a. monetary factors are responsible for fluctuations in output and employment. b. changes in unemployment are involuntary. c. markets always clear. d. prices and wages are perfectly flexible. e. none of the above.
Food retailers usually do not compete on which of the following factors?
a. Price b. Variety c. Location d. Packaging
We interpret the term loanable funds to mean the flow of resources available to fund private investment
a. True b. False Indicate whether the statement is true or false