Behavioral economists believe that people should smoke as many cigarettes as they want.
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Q4: Mechanism designers start by building models and
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
Q10: Among economists, a basic economic policy debate
Q11: Which type of model can account for
Q12: An auction is an example of a
Q13: Suppose an instructor takes off points for
Q14: Which question is typically asked by economic
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