Why, according to behavioral economics, would supermarkets place gum, candy, and other small convenience items near the cash registers?
A. Those are the shelving locations that minimize costs.
B. Stores try to make frequently purchased items quicker and easier for consumers to access.
C. Smaller items tend to fall through shopping cart holes, so stores reduce that problem for
consumers by having smaller items at the checkout stands.
D. Many of these are small items that people will buy on an impulse.
Answer: D
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Which of the following is one of the convergence criteria that countries needed to satisfy to join the Eurozone?
A) 10 consecutive years in the ERM band without devaluation of its currency B) a government deficit of no more than 25% of GDP in the previous year C) total government debt of no more than 60% of GDP in the previous year D) an inflation rate of 0% in the previous 10 consecutive years
The goal of a cartel is to
A) increase competition among members. B) maximize industry profits. C) increase industry production. D) all of the above.