Which of the following is the best example of a System 2 decision and action?
A. Marty learns that his usual driving route to work will have significant delays due to
construction but forgets and goes that way anyway.
B. Doug eats a whole plate of nachos despite the fact it compromises his carefully planned
diet.
C. Bruce "goes with his gut" when choosing between two kinds of motorcycles to purchase.
D. Chuck, who has contemplated a job change for a month and has other offers, chooses to
quit when his boss makes him mad.
Answer: D
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Given the production function Y = A , if an economy's capital per worker k is $27 thousand, and its total factor productivity A is 0.5, then output per worker is (approximately) ________
A) $13,500 B) $40,500 C) $3,000 D) $5,000 E) $1,500
If the banking sector borrows internationally and lends locally, how does this intensify a financial crisis?
What will be an ideal response?