The success of the SMarT program has proven that changing the way we present options can:
A. help people overcome mental biases.
B. affect people's behavior.
C. avoid regret.
D. All of these statements are true.
Answer: D
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The graph illustrates the supply of sweaters. As the technology used to produce sweaters improves, the
A) supply of sweaters decreases and the demand for sweaters does not change. B) supply of sweaters increases and the demand for sweaters does not change. C) quantity of sweaters supplied increases. D) quantity of sweaters supplied decreases. E) supply of sweaters increases and the demand for sweaters increases.
Wheat is used to produce cereal. When the price of wheat falls, the
A) demand for wheat increases. B) supply of wheat decreases. C) supply of cereal increases. D) demand for cereal increases. E) demand for cereal decreases.