One concept that behavioral economists use to account for procrastination is:
A. the time inconsistency of our decision-making.
B. the fungibility of money.
C. thinking inconsistently about prices.
D. framing bias.
A. the time inconsistency of our decision-making.
Economics
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Indirectly, the government has improved the quality of information available to consumers through
a. the SEC. b. its support for the Internet. c. the Federal Reserve System. d. requiring content labels on food products.
Economics
Refer to Figure 3-2. A decrease in the price of inputs would be represented by a movement from
A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.
Economics