What is meant by the present bias?
What will be an ideal response?
The present bias suggests that today is more important than the future. The weight you put on tomorrow is the same as the weight you put on the day after tomorrow. For you, all of the future days are roughly alike. It is today that is most important.
Economics
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The income of the household lying at the exact middle of the income distribution is:
a. mean household income. b. median household income. c. modal household income. d. second quintile household income.
Economics
Fixed investment includes all of the following except:
a. all purchases by businesses that add to their inventories b. all spending on capital goods. c. all spending on producer goods. d. all spending on goods that increase future production capabilities.
Economics