Which of the Following Is Among the Possible Reasons That

question 53

Multiple Choice

Which of the following is among the possible reasons that the 2007-2009 financial crisis did not result in an economic depression?

• A)new lending programs by the central bank
• B)privatization of Fannie Mae and Freddie Mac
• C)a substantial increase in exports to China
• D)rapid foreclosure of "underwater" properties

Understand the concept of behavioral economics, including self-interest and altruism.

Describe the nature and outcomes of the dictator and ultimatum games in illustrating human behavior.

Recognize the impact of fairness and moral considerations on economic decision-making.

Identify the mechanisms behind self-control problems and ways to combat them, including precommitments.