A person committing to carpool with a friend to the gym for daily workouts is an example of:
A. status quo bias.
B. the endowment effect.
C. a commitment device.
D. positive framing.
C. a commitment device.
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In the past dating was a fairly simple activity in the United States. If there was someone you wanted to go out with you would call them or ask them to go out for dinner and a movie
Nowadays it appears that many people are willing to pay large amounts of money to professional dating services to find a compatible mate. This idea is not a new one but it has increased quite dramatically in popularity. What does this suggest about what kind of good dating services might be and why? Are we likely to find this type of service be more or less prevalent in poorer countries?
If the government wants to minimize the welfare loss of a tax, it should tax goods with more inelastic demands or supplies
Indicate whether the statement is true or false
If a nation is selling more goods and services to foreigners than it is buying from them, then on net it must be buying assets abroad
a. True b. False Indicate whether the statement is true or false
When the public debt is held by foreigners, it is not a real burden on real domestic output.
Answer the following statement true (T) or false (F)