Kahneman,a Cognitive Psychologist with Expertise in Decision Making,received the Nobel

question 64

Multiple Choice

Kahneman,a cognitive psychologist with expertise in decision making,received the Nobel Prize in 2002 for his contributions to which of the following topics?

• A) behavioral economics
• B) athletic performance
• C) high-risk behavior
• D) frontal lobe function

---

Definitions:

Administrative Burden

The costs associated with regulatory compliance, paperwork, and bureaucratic procedures that organizations must bear.

Tax Laws

Legislation and regulations governing the collection of taxes by authorities to fund public services and infrastructure.

Efficient Tax System

A tax framework that maximizes revenue without discouraging economic activity or putting undue burden on taxpayers, ensuring fairness, compliance, and minimal distortion in economic decisions.

Revenue Collection

Revenue collection is the process by which governments or organizations collect money, often in the form of taxes, duties, or fees, from individuals or businesses.