Q1. Behavioral economics seeks to incorporate the findings of what other social science in the analysis of economic behavior?

Select one:

a. Political science.

b. Psychology.

c. Sociology.

d. Anthropology.

e. Statistics.

Q2 Rebecca receives 12 units of marginal utility from consuming a box of raisins. She receives 10 units of marginal utility from consuming a box of peanuts. If a box of raisins costs her $1 but a box of peanuts costs her only 95 cents, in order to maximize utility Rebecca should:

Select one:

a. buy more raisins and fewer peanuts.

b. spend all of her income on peanuts and buy no raisins.

c. buy more peanuts and fewer raisins.

d. buy and equal amount of raisins and peanuts.

Q3 If the last unit of input increases total product we know that the marginal product is:

Select one:

a. positive.

b. negative.

c. zero.

d. indeterminate.

e. A decrease in the demand for loanable funds and thus lower interest rates in Spain.

Q4 The law of demand states that if the price of a good falls and all other things remain the same, the

Select one:

a. quantity demanded of the good falls.

b. quantity demanded of the good rises.

c. demand of the good rises.

d. all of the statements associated with this question are correct.