Behavioral economists:
A. rely primarily on data drawn from the real world.
B. rely primarily on experimental data.
C. often arrive at unreasonable conclusions about consumer welfare.
D. avoid mathematical models of behavior, as they do not adequately describe real world actions.
B. rely primarily on experimental data.
Economics
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In the above figure, if the minimum wage is equal to ________, there would be ________ hours of labor employed
A) $8 per hour; 4,000 B) $8 per hour; 2,000 C) $6 per hour; 3,000 D) $4 per hour; 2,000
Economics
The classical economists believed __________ determined savings, while Keynes said it was __________
A) interest rates; income B) income; investment C) investment; interest rates D) interest rates; investment
Economics