Which of the Following Views Most Likely Would Belong to a Behavioral

question 20

Multiple Choice

Which of the following views most likely would belong to a behavioral economist?

• A) Governments should never intervene in a housing bubble.
• B) When people spend too much, they are just reflecting their wants.
• C) Change the institutional structure to get people to save more.
• D) More growth is needed to make society better off.

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Definitions:

Severance

An owner’s removal of chattel that he has affixed; separation or division of joint ownership; action by one of the co-owners that is inconsistent with joint tenancy.

Joint Ownership

Shared ownership of property by two or more parties where all owners have equal rights and obligations regarding the property.

Right Of Way

A type of easement that allows the crossing of another’s land.

Prescription

An authorized written instruction from a medical practitioner for the preparation and administration of a medicine or medical device.