Whether Workers Must "Opt Into" or "Opt Out Of" a Retirement

question 1

Multiple Choice

Whether workers must "opt into" or "opt out of" a retirement savings plan _____ make a difference if workers are rational optimizers and _____ make a difference if workers' behaviour exhibits inertia.

• A)would; would
• B)would not; would not
• C)would; would not
• D)would not; would

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Definitions:

Social Dilemma

A situation where individual choices, made in pursuit of personal benefit, lead to poorer outcomes for the whole group.

Public Goods Problem

A dilemma in economics where individuals can benefit from resources without contributing to their maintenance, leading to underprovision of those goods.

Social Dilemma

A situation in which individual interests conflict with collective well-being, making cooperation difficult to achieve.

Pesticides

Substances or mixtures used to control, repel, or kill pests; includes herbicides, insecticides, and fungicides.