What are the main differences between neoclassical economics and behavioral economics?
a. Neoclassical economics is mainly theoretical.
b. Behavioral economics does not take as given that decision makers are rational.
c. Neoclassical economics assumes that decision makers are fully informed.
d. All of the above.
b
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The CPI's approach is to
a. track the cost of the CPI market basket, which is the collection of goods and services that the typical consumer buys. b. track the cost of the CPI market basket, which is the collection of every good and service that is for sale in the U.S. c. track the cost of housing, and food and beverage expenditures. d. track the cost of the CPI market basket, which is the collection of every good that is for sale in the U.S. e. track the cost of the CPI market basket, which is the collection of goods that the typical consumer buys.
An online dating firm is
A) a platform in a shared-input market. B) an end user in a matchmaking market. C) a platform in a matchmaking market. D) an end user in a shared-input market.