Presenting options in a fashion that makes people more likely to make one choice over another is called:

A. choice architecture.
B. the ACE model.
C. traditional economics
D. natural experiments.

Answer: A

Economics

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Assume the LRAC curve for a particular industry hits its minimum point at a relatively low level of output and then increases, and the demand for industry output is quite large

In this case, consideration of the minimum efficient scale of operation suggest that the market should be served by: A) a large number of small firms to minimize production costs. B) a small number of large firms to minimize production costs C) a large number of large firms to minimize production costs. D) an indeterminate number of firms of indeterminate size to minimize production costs.

Economics

Which of the following is true of the antitrust laws in the United States? They are

A) designed to make the business environment more equitable. B) designed to promote a competitive economy. C) deliberately written in a way to make clear to all what is and what is not allowed. D) deliberately written in a language to promote cooperation among businesses.

Economics