To guide a person through complicated decisions such as whether to get a particular credit card, behavioral economists advocate electronic disclosure in which characteristics such as late fees and high interest rates would be explained clearly. They call this type of nudge a(n):
A. encouragement nudge.
B. information nudge.
C. pricing nudge.
D. advantageous default option nudge.
Answer: B
Economics
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In his Report on a National Bank, _________________ argued in favor of the establishment of a Bank of the United States
a. Thomas Jefferson b. Alexander Hamilton c. George Washington d. Benjamin Franklin
Economics
A visual expression of income distribution is depicted by
a. the Gini coefficient b. the IRS curve for incomes held by households c. supply and demand curves for the four resources: labor, capital, land, and entrepreneurship d. the Lorenz curve e. the diagonal on a Gini distribution
Economics