Which of the following is a feature of the 'Dual-Self' or 'Planner-Doer' models of self-control?
A. Individuals have a single consistent set of preferences
B. There is no internal conflict
C. Only the doer determines all behaviour
D. Individuals are modelled as consisting of a far-sighted planner and a myopic doer who are in conflict
Answer: Option D
Solution (By JKSSB Mock Tests)
Planner-doer models represent the individual as containing both a long-run planner who values future consequences and a short-run doer who is tempted by immediate rewards, generating self-control problems.
Explanation:
The primary objective of monetary policy in India is to maintain price stability while keeping in mind the objective of growth, along with ensuring financial stability.
Explanation:
Relative poverty is measured in relation to the overall distribution of income in society, such as the income share of the poorest relative to the richest.
Explanation:
Fiscal drag occurs when inflation pushes taxpayers into higher tax brackets, increasing tax revenue without any change in tax rates, acting as an automatic stabiliser.
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