Behavioral Economics

Quiz
•
Science
•
3rd Grade
•
Hard
Standards-aligned
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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