According to Malthus, if the standard of living is above subsistence:
A) couples have more children. B) consumption is more than savings.
C) couples have fewer children. D) savings is more than consumption.
A
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Suppose you found $10,000 hidden under a rock and deposited it in a demand deposit account at your bank. If the reserve requirement was 10 percent, your deposit would initially add ____ to total demand deposits and over time increase the money supply by a maximum of ____
a. $10,000; $100,000 b. $10,000; $90,000 c. $1,000; $90,000 d. $1,000; $9,000
Behavioral economics uses concepts and theories to explain the systematic patterns in how we behave that lead to consistently erroneous decisions. These patterns are called:
A. cognitive biases in the field of psychology. B. cognitive dissonance in the field of psychology. C. receptive biases in the field of anthropology. D. disruptive biases in the field of anthropology.