Behavioral economics deals with
A) the assumption that people are always selfish.
B) bounded rationality.
C) unbounded willpower.
D) only theories without justification from empirical evidence.
Question 2
If we wanted to analyze the effects of a 2 unit tax graphically, we would shift the
A) supply curve upward by 2.
B) supply curve downward by 2.
C) demand curve upward by 2.
D) demand curve downward by 2.
