Table 3-30
Assume that Falda and Varick can switch between producing wheat and producing cloth at a constant rate. 
-Refer to Table 3-30. Varick has a comparative advantage in the production of
Definitions:
Behavioral Economics
Behavioral economics studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Neoclassical Economics
A mainstream approach to economics that focuses on the determination of goods, outputs, and income distributions in markets through supply and demand.
Behavioral Economics
A field of economics that analyzes the effects of psychological, cognitive, emotional, cultural, and social factors on economic decisions.
Impulse Buying
A spontaneous, unplanned decision to buy a product or service, typically made right before a purchase.
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