Define behavioral economics
What will be an ideal response?
Behavioral economics studies the ways that limits on the ability of people's brains to compute and implement rational decisions influence their economic actions.
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?There are two economically meaningful ways of slicing two-input production frontiers.
Answer the following statement true (T) or false (F)
In the United States during the 1980s, there was a movement toward deregulation of industry
a. True b. False Indicate whether the statement is true or false
In the open economy model, the supply of loanable funds comes from national saving and net capital outflow
a. True b. False Indicate whether the statement is true or false
If a supply-side economist were to make a suggestion to stimulate economic activity, which of the following policies would she suggest?
A. A repeal of regulations on business B. An increase in the minimum wage C. An increase in the corporate income tax D. The creation of employer-mandated benefits