Betty knows that she needs to save 20% of her annual income for retirement.However,she spends 90% of her income each year.This is an indication that Betty's preferences are
A) irrational.
B) inconsistent over time.
C) satisficing rather than maximizing.
D) undefined.
Correct Answer:
Verified
Q104: Evidence from experiments in which real people
Q106: Which of the following statements is not
Q115: Which of the following statements is correct?
A)Based
Q252: Bob is a contestant on a trivia
Q254: The frontier field of economics that studies
Q255: Conventional economic theory suggests that in the
Q261: Which of the following statements is not
Q287: The ultimatum game reveals that
A) it does
Q330: Experiments show that when real people play
Q335: Evidence points to the fact that, in
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