Examlex
When a tax is levied as a percentage of the total amount spent in retail stores, this tax is called a:
Time Inconsistency
The tendency of people to change their plans about future actions due to a preference for immediate gratification over future reward.
Cognitive Bias
A systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.
Behavioral Economics
An area within economics analyzing how various psychological, emotional, cognitive, cultural, and social elements affect the decision-making processes in economics of both individuals and organizations.
Net Change
The difference in an entity's value between two points in time, commonly used in reference to stock prices or financial performance.
Q2: The marginal tax rate is the extra
Q3: Opportunity costs are comprised of:<br>A) explicit costs<br>B)
Q17: A Pigovian tax:<br>A) allocates pollution to those
Q65: Refer to Table 13-1. The average variable
Q66: When a good is characterised by non-excludability,
Q72: Refer to Table 14-2. Suppose the current
Q80: A tax raises the price received by
Q84: In many countries in Africa, elephants roam
Q90: It is common knowledge that many national
Q105: Refer to Graph 13-3. Which of the