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Exam 29: What Is Good Challenges From Psychology and Philosophy

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Exam 1: Introduction12 Questionsadd course
Exam 2: A Consumers Economic Circumstances26 Questionsadd course
Exam 3: Economic Circumstances in Labor and Financial Markets15 Questionsadd course
Exam 4: Tastes and Indifference Curves17 Questionsadd course
Exam 5: Different Types of Tastes20 Questionsadd course
Exam 6: Doing the Best We Can20 Questionsadd course
Exam 7: Income and Substitution Effects in Consumer Goods Markets27 Questionsadd course
Exam 8: Wealth and Substitution Effects in Labor and Capital Markets19 Questionsadd course
Exam 9: Demand for Goods and Supply of Labor and Capital24 Questionsadd course
Exam 10: Consumer Surplus and Deadweight Loss28 Questionsadd course
Exam 11: One Input and One Output: a Short-Run Producer Model34 Questionsadd course
Exam 12: Production With Multiple Inputs34 Questionsadd course
Exam 13: Production Decisions in the Short and Long Run31 Questionsadd course
Exam 14: Competitive Market Equilibrium24 Questionsadd course
Exam 15: The Invisible Hand and the First Welfare Theorem24 Questionsadd course
Exam 16: General Equilibrium25 Questionsadd course
Exam 17: Choice and Markets in the Presence of Risk26 Questionsadd course
Exam 18: Elasticities, Price-Distorting Policies, and Non-Price Rationing28 Questionsadd course
Exam 19: Distortionary Taxes and Subsidies32 Questionsadd course
Exam 20: Prices and Distortions Across Markets22 Questionsadd course
Exam 21: Externalities in Competitive Markets25 Questionsadd course
Exam 22: Asymmetric Information in Competitive Markets24 Questionsadd course
Exam 23: Monopoly38 Questionsadd course
Exam 24: Strategic Thinking and Game Theory37 Questionsadd course
Exam 25: Oligopoly22 Questionsadd course
Exam 26: Product Differentiation and Innovation in Markets16 Questionsadd course
Exam 27: Public Goods21 Questionsadd course
Exam 28: Governments and Politics19 Questionsadd course
Exam 29: What Is Good Challenges From Psychology and Philosophy23 Questionsadd course
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Social preferences chosen from behind the veil of ignorance are likely to value efficient outcomes and are likely to treat individuals symmetrically.

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Question 21

Because wealth is more concentrated than income, the Gini coefficient for the wealth distribution is greater than the Gini coefficient for the income distribution.

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Question 22

One way to think of ideas coming out of behavioral economics is to map the ideas into either impacting "tastes" or "constraints".Can you give an example of each?

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Question 23
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