Installing software to limit screen time, forcing you to uninstall it every time you reach the limit, is an example of:
A. increasing the cost of a vice.
B. a commitment device.
C. can be explained through behavioral economics.
D. All of these are true.
D. All of these are true.
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A shoe retailer does not give a bill for shoes purchased from his store and does not report his income correctly to evade taxes. If you pay him $50, ________
A) the GDP of your country will fall B) the GDP of your country will increase C) the trade surplus of your country will increase D) the GDP of your country will remain unchanged
GDP is a good measure of the distribution of income
Indicate whether the statement is true or false
The following table contains the actual prices charged by four Web sites for a 3D Collector's Edition Blu-ray disc of the movie Marvel's Avengers: Age of Ultron in November 2015
Amazon $24.99 Walmart 25.48 Best Buy 29.99 Disney Store 29.99 Explain whether the information in this table contradicts the law of one price.
At his profit-maximizing level of output, a monopolist's average total cost curve is tangent to his demand curve. The monopolist
a. is earning a negative economic profit. b. may or may not be earning a negative economic profit. c. is earning zero economic profit. d. is earning a positive economic profit.