Two people are given the choice to participate in a retirement program in which the firm matches

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Two people are given the choice to participate in a retirement program in which the firm matches contributions.

Person A is given a form on which she must check a box to opt into the retirement program. Person B is given a form on which she must check a box to opt out of the retirement program. According to studies, which person is more likely to participate? Or are both equally likely to participate? Explain your answer.

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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