According to behavioral economists, someone suffering from myopia is most likely to:
A. spend too little on present consumption and save more than is necessary for the future.
B. vote only for economic policies that serve his or her short- and long-term interests.
C. rely too much on System 2 of the brain.
D. spend too much on present consumption and not save enough for the future.
Answer: D
Economics
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Who would most likely lobby Congress for a price support on wool?
a. retail sweater outlets b. consumers of wool caps c. taxpayers d. wool producers e. sheep
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Refer to the table shown. The average variable cost of producing 5 units of output is:Units of outputTotal cost05111216320423525626
A. $2. B. $3. C. $4. D. $5.
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