The combination of psychology and economics to determine individual decision making is known as
A) behavioral economics.
B) psychonomics.
C) the rule of thumb.
D) positive analysis.
A
Economics
You might also like to view...
The use of incentive payments for salespeople combats
A) both adverse selection and moral hazard. B) neither adverse selection nor moral hazard. C) adverse selection but not moral hazard. D) moral hazard but not adverse selection.
Economics
The income effect of a price change refers to the change in the quantity demanded of a good that results from a change in the price of a substitute product
Indicate whether the statement is true or false
Economics
The fastest-growing component of U.S. personal consumption is services
a. True b. False
Economics
If the interest rate rises, the present value of property rises because the return is now higher
Indicate whether the statement is true or false
Economics