All of the following are traditional economic views except:
A. revealed preference shows researchers what the bad choices are.
B. choice architects have a responsibility to remain neutral when it comes to choices.
C. choice architecture is ineffective.
D. there is no such thing as a bad choice.
Answer: B
Economics
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OutputTotal RevenueTotal Cost0$0$501407428094312011741601425200172Refer to the above table. The equilibrium price of the product is:
A. $160. B. $80. C. $120. D. $40.
Economics
________ corresponds to lower output and ________ corresponds to higher output.
A. Demand-pull inflation; stagflation B. Cost-push inflation; demand-pull inflation C. Demand-pull inflation; cost-push inflation D. Stagflation; cost-push inflation
Economics