Economics · Behavioral Economics
Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): Nudges are considered a highly cost-effective management and policy tool. Reason (R): Nudges rely on subtle changes in choice architecture rather than expensive economic incentives or strict regulatory enforcement. In the light of the above statements, choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Assertion and Reason are true, and Reason explains Assertion✓
- 2Both are true, but Reason does not explain Assertion
- 3Assertion is true, Reason is false
- 4Assertion is false, Reason is true
Correct answer
Both Assertion and Reason are true, and Reason explains Assertion
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