Behavioral economics:
A. draws on insights from psychology to expand models of individual decision making.
B. draws on insights from business theory to expand models of household behavior.
C. draws on insights from anthropology to clarify models of individual decision making.
D. is the least disputed field of economics.
Answer: A
Economics
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Refer to Figure 3-4. At a price of $15, how many units will be sold?
A) 300 B) 400 C) 600 D) 700
Economics
A closed economy does not engage in international trade, therefore
a. national saving is less than investment (S < I). b. net exports (NX) are zero. c. Y - C - G > I. d. national saving is zero.
Economics