Behavioral Economics

Behavioral Economics

3rd Grade

25 Qs

quiz-placeholder

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Behavioral Economics

Behavioral Economics

Assessment

Quiz

Science

3rd Grade

Hard

NGSS
HS-ESS3-2

Standards-aligned

Created by

Lisa Thompson

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary focus of behavioral economics?

The study of market trends

The analysis of consumer behavior

The impact of government policies on the economy

The mathematical modeling of economic systems

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a key concept in behavioral economics?

Rational choice theory

Supply and demand

Cognitive biases

Monetary policy

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Behavioral economics often challenges which traditional economic assumption?

Perfect competition

Rational decision-making

Scarcity of resources

Equilibrium pricing

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is 'loss aversion' in behavioral economics?

The tendency to prefer gains over losses

The tendency to prefer avoiding losses over acquiring equivalent gains

The tendency to invest in high-risk assets

The tendency to save rather than spend

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which experiment is commonly associated with behavioral economics?

The Stanford prison experiment

The ultimatum game

The double-slit experiment

The Milgram experiment

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In behavioral economics, what does the term 'nudge' refer to?

A financial incentive to change behavior

A subtle policy shift to encourage better decision-making

A direct order to change behavior

A tax on unhealthy products

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of a cognitive bias?

Inflation

Anchoring

Supply shock

Interest rate

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