Which of the following is an example of a nudge?
A. Income is redistributed through tax and spending programs.
B. An employee must check a box to opt out of a retirement savings program.
C. A farmer's market raises prices because a storm destroyed crops.
D. Government taxes cigarettes.
Answer: B
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The figure above shows a production possibilities frontier. In the figure, the economy faces a tradeoff when ________ cell phones and ________ DVDs. are produced
A) 2 million; 9 million B) 4.5 million; no C) 3 million; 8 million D) 5 million; 15 million E) 3 million; 9 million
In a constant cost industry, the cost curves of individual firms will shift upward as the industry output expands
a. True b. False Indicate whether the statement is true or false
If the price of used automobiles increased dramatically relative to all other prices, and the demand for all goods remained the same, which of the following would most likely occur?
a. The GDP price index would decrease less than the CPI. b. Both the GDP price index and the CPI would decrease. c. The GDP price index would increase more than the CPI. d. The CPI would increase more than the GDP price index. e. Both the GDP price index and the CPI would increase by the same amount.
Which country most recently experienced hyperinflation?
a. Germany b. Zimbabwe c. Chile d. all of the above