Log in
Economics
1
answer
0
watching
148
views

What is an expectation that encourages people to behave in a certain way called?

Watch
1
answer
0
watching
148
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Sonia Dhawan
Sonia DhawanLv10
13 Oct 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

The study of how people (or firms) behave in strategic situations is called:
In a large open economy, why is the supply of loanable funds upward sloping?
 
a. A lower interest rate makes borrowing more expensive.
 
b.A lower real interest rate encourages people to save.
 
c. A higher real interest rate encourages people to save.
 
d. A higher real interest rate discourages domestic consumers from buying foreign assets.

Behavioral economics is a descriptive theory: it attempts to model how people actually behave. Neoclassical economics is at least partially a normative theory - it says how people should behave in order to act rationally. Do you believe that people should strive to behave rationally and avoid behavioral effects, or is that not a worthwhile goal? Why or why not?

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in