Political economy:
A) tends to view human behaviour as less complex than that found in conventional economic theory
B) brings some of the insights from psychology into the study of economic issues
C) applies the tools of economics to understand the functioning of government
D) includes topics such as adverse selection and moral hazard
Correct Answer:
Verified
Q91: Suppose a consumer always goes to the
Q92: Behavioural economists argue that:
A)people are rational maximisers
B)consumers
Q93: According to political economy, politicians:
A)are influenced by
Q94: When analysing labour and used car markets,
Q95: A difference in access to relevant knowledge
Q97: The field of information asymmetry:
A)tends to view
Q98: Economists tend to:
A)try to expand their understanding
Q99: Economists:
A)have always suggested that people are rational
Q100: The field of information asymmetry:
A)tends to view
Q102: What is moral hazard and how might
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents