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Author Question: A circular flow diagram shows the flows from the goods and resources markets. Indicate whether ... (Read 73 times)

Alygatorr01285

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on: Jun 29, 2018
A circular flow diagram shows the flows from the goods and resources markets.
 
  Indicate whether the statement is true or false

Question 2

Jake has already bought his hockey gear for the season, but when he is in the sports store, he falls in love with a different hockey stick and buys it even though it means he can't go out to dinner later with his friends which he would have preferred
 
  . This example illustrates the ________ aspect of behavioral economics. A) bounded rationality
  B) bounded self-interest
  C) empowerment effect
  D) bounded will-power


BUTTHOL369

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


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