Which of the following is not a common mistake made by consumers?
A) the failure to ignore sunk costs
B) being overly pessimistic about their future behavior
C) the failure to take into account the implicit costs of an activity
D) being overly optimistic about their future behavior
B
You might also like to view...
Which of the following will lead to GDP underestimating our true output? a. Mary begins a catering business
b. James begins drawing Social Security benefits upon his retirement. c. David accepts a position as a software specialist at Microsoft. d. Gretchen begins an accounting and bookkeeping service in her home, accepting cash as payment, which is not reported to tax authorities.
Brazil gives cash payments to its poor citizens on the condition that those citizens' children stay in school. In terms of the determinants of productivity, how might this public policy contribute to higher productivity in Brazil?