Question 1

In which of the following decisions would a case for a nudge policy be most difficult to make?

Accepted Answer

A)  When benefits and costs are separated over time 
B)  When the choice is complicated and has many dimensions 
C)  When the choice is made infrequently 
D)  When it is difficult to tell what is best for the person making the choice 
A)  When benefits and costs are separated over time 
B)  When the choice is complicated and has many dimensions 
C)  When the choice is made infrequently 
D)  When it is difficult to tell what is best for the person making the choice

Question 2

Presenting options in a fashion that makes people more likely to make one choice over another is called:

Accepted Answer

A)  the ACE model. 
B)  natural experiments. 
C)  choice architecture. 
D)  traditional economics 
A)  the ACE model. 
B)  natural experiments. 
C)  choice architecture. 
D)  traditional economics

Question 3

Economic science tries to design mechanisms to coordinate people's actions better.

Accepted Answer

A) True 
 B)False

Question 4

Taxing cigarettes is:

Accepted Answer

A)  an example of an information nudge. 
B)  an example of an advantageous default option nudge. 
C)  an example of a pricing nudge. 
D)  not a nudge. 
A)  an example of an information nudge. 
B)  an example of an advantageous default option nudge. 
C)  an example of a pricing nudge. 
D)  not a nudge.

Question 5

Sending people letters about their energy usage along with energy-saving tips is:

Accepted Answer

A)  an example of an information nudge. 
B)  an example of an advantageous default option nudge. 
C)  an example of a pricing nudge. 
D)  not a nudge. 
A)  an example of an information nudge. 
B)  an example of an advantageous default option nudge. 
C)  an example of a pricing nudge. 
D)  not a nudge.

Question 6

Economists who identify a goal and then design a mechanism to achieve that goal are engaging in:

Accepted Answer

A)  setting money prices. 
B)  laissez-faire policies. 
C)  choice architecture. 
D)  mechanism design. 
A)  setting money prices. 
B)  laissez-faire policies. 
C)  choice architecture. 
D)  mechanism design.

Question 7

Behavioral economic policy examines:

Accepted Answer

A)  the level of mathematics required to make sound judgments. 
B)  people's unpredictable irrational behavior. 
C)  people's predictable irrational behavior. 
D)  people's rational behavior. 
A)  the level of mathematics required to make sound judgments. 
B)  people's unpredictable irrational behavior. 
C)  people's predictable irrational behavior. 
D)  people's rational behavior.

In which of the following decisions would a case for a nudge policy be most difficult to make?

Presenting options in a fashion that makes people more likely to make one choice over another is called:

Economic science tries to design mechanisms to coordinate people's actions better.

Taxing cigarettes is:

Sending people letters about their energy usage along with energy-saving tips is:

Economists who identify a goal and then design a mechanism to achieve that goal are engaging in:

Behavioral economic policy examines:

Economics and Economic Reasoning

The Production Possibility Model, Trade, and Globalization

Economic Institutions

Supply and Demand

Using Supply and Demand

Describing Supply and Demand: Elasticities

Taxation and Government Intervention

Market Failure Versus Government Failure

Comparative Advantage, Exchange Rates, and Globalization

International Trade Policy

Production and Cost Analysis I

Production and Cost Analysis II

Perfect Competition

Monopoly and Monopolistic Competition

Oligopoly and Antitrust Policy

Real-World Competition and Technology

Work and the Labor Market

Who Gets What the Distribution of Income

The Logic of Individual Choice: the Foundation of Supply and Demand

Game Theory, Strategic Decision Making, and Behavioral Economics

Thinking Like a Modern Economist

Microeconomic Policy, Economic Reasoning, and Beyond

Filters

Exam 22: Behavioral Economics and Modern Economic Policy

In which of the following decisions would a case for a nudge policy be most difficult to make?

Presenting options in a fashion that makes people more likely to make one choice over another is called:

Economic science tries to design mechanisms to coordinate people's actions better.

Taxing cigarettes is:

Sending people letters about their energy usage along with energy-saving tips is:

Economists who identify a goal and then design a mechanism to achieve that goal are engaging in:

Behavioral economic policy examines:

Economics and Economic Reasoning

The Production Possibility Model, Trade, and Globalization

Economic Institutions

Supply and Demand

Using Supply and Demand

Describing Supply and Demand: Elasticities

Taxation and Government Intervention

Market Failure Versus Government Failure

Comparative Advantage, Exchange Rates, and Globalization

International Trade Policy

Production and Cost Analysis I

Production and Cost Analysis II

Perfect Competition

Monopoly and Monopolistic Competition

Oligopoly and Antitrust Policy

Real-World Competition and Technology

Work and the Labor Market

Who Gets What the Distribution of Income

The Logic of Individual Choice: the Foundation of Supply and Demand

Game Theory, Strategic Decision Making, and Behavioral Economics

Thinking Like a Modern Economist

Microeconomic Policy, Economic Reasoning, and Beyond

Filters