Mechanism designers start by building models and then look for problems that their models can solve.
Correct Answer:
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Q1: All markets:
A) distribute according to need.
B) have
Q2: Behavioral economic policy:
A) builds on traditional economic
Q3: Traditional economics argues that people know what
Q5: Which type of price is an implicit
Q6: Only money prices affect incentives; shadow prices
Q7: Economic engineering:
A) focuses exclusively on social factors
Q8: Economic science tries to design mechanisms to
Q9: Behavioral economists believe that people should smoke
Q10: Among economists, a basic economic policy debate
Q11: Which type of model can account for
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