Nudging Happens When Subtle Cues Are Used to Help Consumers

question 17

Multiple Choice

Nudging happens when subtle cues are used to help consumers make choices that are

• A) conservative.
• B) based on value.
• C) innovative.
• D) better for them.

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Definitions:

Income Quintile

A statistical division of population into five equal groups according to income levels.

Federal Income Tax

A tax levied by the United States federal government on the annual income of individuals, corporations, trusts, and other legal entities.

Welfare Eligibility

Welfare eligibility criteria determine who qualifies for social welfare programs, based on factors like income, family size, and employment status.

Income Distributions

The way in which a nation’s total earnings are spread among its population, which can influence economic policies and social stability.