Behavioural Economics - Key Cognitive Biases - A Level and IB Economics

In this revision video we look at some of the cognitive biases that can affect people’s behaviour. ​The existence of such biases calls into question economic models that assume people always act rationally, attempting to maximise their individual self-interest. ​​
#aqaeconomics #ibeconomics #edexceleconomics #economics

[@jules-nj4di]

hi! i have a question regarding tariffs set on imported goods. Obviously, when a country imposes a tariff, it's government gets the revenue. But if a tariff is imposed by the European Union, who gets the revenue then?

[@tutor2u-official]

It goes to national governments as far as I am aware

[@jules-nj4di]

Thank you!

[@ishaanmohan5644]

Goat Malde

[@tutor2u-official]

Thanks!