If you buy something with a gift card that you would never buy with your own money, you are exhibiting ______ behavior.
a. anchoring
b. compartmentalizing
c. framing
d. gambling
b. compartmentalizing
Economics
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Since colonial times, the U.S. government controlled businesses at some level by:
(a) letting market actions and interactions between private consumers and producers drive decisions (b) regulating, licensing and closing them. (c) protecting private property rights. (d) providing national defense.
Economics
If on Tuesday the perceived price of studying for an exam is $4 per hour but on Saturday the perceived price of studying for an exam is $10, the law of demand predicts
A) more studying on Saturday and less on Tuesday. B) more studying on Tuesday and less on Saturday. C) the same amount of studying on Tuesday and Saturday. D) no studying on Tuesday or Saturday.
Economics