Stan complains to his roommate that he never has enough time to finish all the homework he's assigned,and his roommate tells him to quiet down because the first of the three movies they've planned to watch that day has begun.Stan's behavior demonstrates which economic concept?
A) rational behavior
B) time inconsistency
C) chronologically challenged behavior
D) time allocation
Correct Answer:
Verified
Q8: When people change their minds about what
Q9: Matt has $2000 saved for a trip
Q9: Economists make the general assumption that:
A)people are
Q10: A typical behavior that violates the assumption
Q11: Time inconsistency refers to a situation where:
A)
Q12: Joe walks into Best Buy prepared to
Q13: The field of economics that draws on
Q14: Behavioral economists recommend mechanisms that help people:
A)
Q15: An application of behavioral economics is:
A) price
Q16: An application of behavioral economics is:
A) time
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