According to behavioral economists, the human brain frequently employs heuristics because:
A. people have consciously trained their brains to do so.
B. these shortcuts minimize errors in decision making.
C. they produce more optimal outcomes than do rational calculations of benefits and costs.
D. they save energy and time in decision making.
Answer: D
Economics
You might also like to view...
Typically, the more time suppliers have to adjust to changing market conditions,
A) the more elastic the supply curve. B) the more elastic the demand curve. C) the less elastic the supply curve. D) the less elastic the demand curve.
Economics
A decrease in foreign output would cause the domestic country's net exports to ________ and cause the domestic country's IS curve to ________
A) rise; shift up B) rise; shift down C) fall; shift up D) fall; shift down
Economics