Problem1 is instituting a 200 fine for anyone caught, Ask an Expert

Economics

Problem

1. Is instituting a $200 fine for anyone caught littering a nudge? Why or why not?

2. Suppose two parents present their 16-year-old with a list of the cars that they will allow him to buy. If the parents decide to add another vehicle to the list, is that affecting the choice architecture for their son? Why or why not?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92761514

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