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Behavioral economics refers to ... O the branch of microeconomics that studies rational economic people. O any study of economics that analyzes households, firms, and government the branch of microeconomics that studies the factors involved in optimal decision making the study of how economics decisions impact the natural world O the branch of microeconomics that studies how economic actors make decisions in real-world scenarios QUESTION 4 Which of the following is NOT a potential cause of increased economic inequality in the United States in recent decades? O Economic growth O A decline in real wages O Lower unionization rates Technological change O Increased international trade QUESTION 5 Which of the following policies could help reduce economic inequality? O A higher minimum wage O Expanded access to higher education O Laws that give labor unions more power O More progressive taxation O All of these could reduce inequality QUESTION 6 Assume income is distributed more equally in Country A than in Country B. In that case we would expect the Lorenz curve for Country A to be... O on the 45 degree line O None of these options are correct. O nearly flat along the honzontal axis O closer to the 45-degree line than Country B's Lorenz curve. O farther from the 45-degree line than Country B's Lorenz curve