In the Book \" ECON 121\" Santa Ana College Volume 2. Answer the question: 1> Ho

Question

In the Book " ECON 121" Santa Ana College Volume 2. Answer the question:

1> How can a nudge be defined as libertarian?

2> In what way is nudge policy paternalistic?

3> Two people are given the choice to participate in a retirement program in which the firm matches contributions. Person A is given a form in which she must check a box to opt into the retirement program. Person B is given a form in 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 they equally likely to participate? Explain your answer.

4> Why is a nudge useful for choices where benefits and costs are separated by time?

5> What distinguishes a nudge from a push?

6> How is conspicuous consumption an example of the importance of relative materialism to one’s happiness?

a. Nudges are not libertarian, no matter how you look at them. b. People remain free to make whichever choice they prefer. The incentives remain the same, but the context of the question is changed. c. Government is ensuring that people make full use of their civil liberties by encouraging them to make choices that are good for them. Government is not forcing people to make any particular choice. d. Nudges are examples of government intervention, which has historically been a liberal agenda.

Explanation / Answer

Answer to 1.

c.

Answer to 2.

b.

Answer to 3.

C.

Answer to 4.

D.

Answer to 5

D.

Answer to 6.

B.

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