A platform makes lifting safer in a few ways. First, it allows you to easily bolt your rack to a stable surface, ensuring that it stays put during all your lifts. As mentioned above, before my platform, the only thing I had anchoring my squat rack were two 55-pound bumper plates resting on its back legs.
Unformatted text preview: Chapter 7 1. Welfare economics is the study of how a. the allocation of resources affects economic well-being. b. a price ceiling compares to a price floor. c. the government helps poor people. d. a consumerâs optimal choice affects her demand curve. 2. Welfare economics is the study of a. taxes and subsidies. b. how technology is best put to use in the production of goods and services. c. government welfare programs for needy people. d. how the allocation of resources affects economic well-being. 3. Welfare economics is the study of a. the well-being of less fortunate people. b. welfare programs in the United States. c. how the allocation of resources affects economic well-being. d. the effect of income redistribution on work effort. 4. The study of how the allocation of resources affects economic well-being is called a. consumer economics. b.
Behavioral Economics. Share. What is 'Behavioral Economics'. The study of psychology as it relates to the economic decision making processes of individuals and institutions. The two most important questions in this field are: