Installing software to limit screen time, forcing you to uninstall it every time you reach the limit, is an example of:
A. a commitment device.
B. increasing the cost of a vice.
C. can be explained through behavioral economics.
D. All of these are true.
Answer: D
Economics
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Refer to the data for a utility-maximizing consumer. Assume that new product Z doesn't exist. How many units of X and Y will this consumer buy, given his or her $12 budget?
A. 5 of X and 7 of Y.
B. 7 of X and 5 of Y.
C. 6 of X and 6 of Y.
D. 5 of X and 6 of Y.
Economics
Leverage is essential to a bank’s profitability, but it also increases risk.
Answer the following statement true (T) or false (F)
Economics