Business, 16.12.2021 04:00 RockieLuv8707

Info~ People don't always make rational, self-interested economic decisions. That results in skewed, but not irrational decisions. Societies and governments need to step in to provide 'nudges' so that people make better decisions. Prices often don't reflect total cost. The clearest case for externalities is in the climate change debate. Our price of hydrocarbons in no way reflects the future cost to the planet of rising temperatures.
Governments can enact regulations and taxes to internalize those costs and it can support R&D to develop alternatives.

Question~ Does a shift towards behavioral economics undercut its usefulness as a tool for understanding our economy and society? Is the end of economics or does it open the door to the beginning of a new kind of analysis?

Can anyone give me there opinion? thanks!

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 02:00

Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?

Answers: 1

Answer

Business, 22.06.2019 08:30

Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement

Answers: 2

Answer

Business, 22.06.2019 15:10

Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4

Answers: 2

Answer

Business, 23.06.2019 01:50

The de mesa family will soon be occupying their newly renovated house. however, the bathroom measuring 10ft. by 16 ft. still needs to be covered by tiles. if the tile that they desire measures 2/5 ft by 2/5 ft., how many tiles will they need to cover the bathroom floor?

Answers: 3

Answer

You know the right answer?

Info~ People don't always make rational, self-interested economic decisions. That results in skewed,...

Questions