Question: 31. The preference drift means A. What people consider sufficient income increases with their actual income B. Poor people have higher income aspirations relatively to

31. The "preference drift" means

  • A. What people consider "sufficient" income increases with their actual income
  • B. Poor people have higher income aspirations relatively to their current income
  • C. Rich people have higher income aspirations relatively to their current income
  • D. All of the above

32. Research shows that people are the happiest

  • A. If they have high income aspirations
  • B. If they have low income aspirations
  • C. If their income aspirations are significantly above their current income
  • D. If their income aspirations are close to their current income

33. After Unification of East Germany with West Germany

  • A. East Germans' happiness increased
  • B. East Germans' happiness decreased
  • C. West German's happiness increased
  • D. West German's happiness decreased

34. "Hard work externality" means that

  • A. If I work harder and increase my income, I make others less happy
  • B. If I work harder and increase my income, I make others more happy
  • C. Unemployment benefits make people stay unemployed longer
  • D. Hard work is important for happiness

35. People work longer hours in US than in Europe; this can be because

  • A. There is a higher reward to working in the US because taxes are lower
  • B. The work is more satisfying in the US
  • C. The leisure is less satisfying in the US
  • D. We are stuck in a bad work/life equilibrium when everyone works more than optimal
  • E. All of the above

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