Behavioral economics refers to the study of situations
A) where consumers and firms appear to value fairness when they make choices.
B) where consumers and firms disobey the laws of demand and supply.
C) where consumers and firms appear to make choices that are appropriate to reach their goals.
D) where consumers and firms do not appear to be making choices that are economically rational.
D
You might also like to view...
When Starbucks accepts your $10 bill for two Grande Lattes and one Tall Caramel Macchiato, the $10 bill serves as a
A) medium of exchange. B) store of value. C) standard of value. D) commodity money.
Suppose the Bureau of Labor Statistics interviews 196,700 people in its monthly survey; 94,500 are not in the labor force, 91,150 are employed, 8,870 are unemployed, and 2,180 are in the armed forces
What is the unemployment rate the BLS announces? A) 8.87 percent B) 9.73 percent C) 9.39 percent D) 4.51 percent E) 10.81 percent