Multiple Choice
Behavioral economics is the study of why people
A) choose not to optimize.
B) optimize.
C) sometimes don't optimize.
D) behave badly when buying and selling.
Correct Answer:
Verified
Correct Answer:
Verified
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Q16: Explain why economists might disagree on the
Q18: Microeconomic models are used to<br>A)make predictions.<br>B)explain real-life
Q20: If a theory's predictions are incorrect,<br>A)then economists
Q21: Why might raising the price of a
Q22: Most private firms seek to<br>A)maximize revenue.<br>B)maximize profit.<br>C)minimize
Q24: Economic models are most useful in<br>A)explaining outcomes
Q27: Normative analysis offers decision makers the most
Q35: Economic models are most often tested<br>A) using
Q50: What is profit?