Not Buying Junk Food While Doing the Weekly Shopping and Forcing

question 89

Multiple Choice

Not buying junk food while doing the weekly shopping and forcing an extra trip to the store to acquire it is an example of:

• A) increasing the cost of a vice.
• B) a commitment device.
• C) how people compensate for time-inconsistent decisions.
• D) All of these are true.

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Definitions:

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, including water, minerals, forests, and fish.

Underemployment

The condition in which people in a labor force are employed at less than full-time or regular jobs or at jobs inadequate with respect to their training or economic needs.

Skilled Workers

Individuals who have specialized training, experience, and expertise that enable them to perform complex tasks.

Labor Force

The total number of people employed or actively looking for employment in an economy.