Multiple Choice
Firms that automatically enroll their employees in retirement plans, giving them the option to opt-out instead of to opt-in, is an example of a form of behavioral economics known as
A) the endowment effect.
B) network externality.
C) nudges.
D) anchoring.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Traditionally, economists have considered culture, customs, and
Q6: A consumer's utility-maximizing combination of goods is
Q7: The substitution effect of a decrease in
Q8: The marginal utility per dollar that Harold
Q9: As a consumer consumes more and more
Q11: Economists have used _ and _ in
Q12: The iPod is a product without any
Q13: Suppose Adam Einberg pays $100 for a
Q14: The limitation that a consumer's total expenditure
Q15: Alan Krueger conducted a survey of fans