Across
- 5. the study recognizes that human beings are influenced by emotions, cognitive biases, heuristics (mental shortcuts), and social influences, leading to choices that may be irrational in an economic sense.
- 6. IB Econ SL teacher
- 7. Whether you're celebrating a holiday, a birthday, or a graduation party, let Wegmans Catering help you create the perfect cake!
- 8. IB Econ HL teacher
- 11. Italian brainrot, an ape with a banana as a body, who has been described as "indestructible"
Down
- 1. the tendency to continue with a decision, even if it's not the best course of action because you've already invested time or money into it..
- 2. IB Econ SL teacher
- 3. subjective worth individuals place on their time, like when making decisions that involve trade-offs between time and money.
- 4. pain experienced from losing something is more impactful than the pleasure gained from an equivalent gain.
- 6. the loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is distorted
- 9. Economist of the 1920s-1940s who emphasized counter-cyclical spending
- 10. author of Wealth of Nations