Answer the following statement true (T) or false (F)
1) Hardwired heuristics make it easy to change behavior by simply presenting people with better
information.
2) Heuristics can be exploited to lead people to positive outcomes.
3) Between System 1 and System 2 in the brain, System 1 makes most of the decisions.
4) System 1 is the part of the brain that carefully weighs the benefits and costs when making
decisions.
1) F
2) T
3) T
4) F
Economics
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What factors do some who promote the profitability of elaborate trading strategies leave out?
A) the effect of trading costs and taxes B) the difficulty of calculating the return on investment C) ignoring the effect of dividends D) not accounting for both capital gains and dividends
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The CPI is calculated
a. weekly. b. monthly. c. quarterly. d. yearly.
Economics