Behavioral economics
A) studies why people choose not to optimize.
B) studies why people optimize.
C) studies why people sometimes don't optimize.
D) studies why people behave badly when buying and selling.
Correct Answer:
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Q1: Why might raising the price of a
Q7: Why might raising the price of a
Q8: Which of the following would NOT be
Q12: A firm's managers are constrained by
A)consumers.
B)workers.
C)government.
D)All of
Q12: Society faces trade-offs because of
A)government regulations.
B)profit motive.
C)price
Q14: In a market
A)the primary participants are consumers
Q19: Firms face trade-offs because
A)managers don't know which
Q30: What is profit?
Q50: A microeconomic model CANNOT be used to
A)
Q51: Legislators argue that a minimum wage law
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