BBB2 1c The Economics of Happiness: Crash Course Economics #35

According to the video, what is one of the inalienable rights mentioned in the Declaration of Independence?

• Life

• Health

• Wealth

• Fame

What is the relationship between income and day to day happiness, as mentioned in the video?

• Negative correlation

• Unpredictable correlation

• Positive correlation

• No correlation

What is the income level at which the researchers discovered that a person's day to day happiness levels don't change much, as mentioned in the video?

• $150,000

• $100,000

• $75,000

• $50,000

What is the term used to describe the phenomenon where conveniences become habitual and cease to be enjoyable, as mentioned in the video?

• Hedonic treadmill

• Set point

• Reference-income hypothesis

• Easterlin Paradox

What did the king of Bhutan proclaim to be more important than Gross National Product, as mentioned in the video?

• Gross National Income

• Gross National Happiness

• Gross National Development

• Gross National Well-being

According to the video, what did Robert Kennedy criticize the focus on in his speech at the University of Kansas?

• Economic output alone

• Spiritual health alone

• Environmental health alone

• Social development alone

What did the United Nations adopt a resolution for in 2011, as mentioned in the video?

• To focus on economic growth alone

• To give greater weight to happiness and well-being

• To focus on happiness alone

• To measure progress using GDP only

What did the 2009 study find to be true about Americans and their happiness, as mentioned in the video?

• They were happier when they lived in poor neighborhoods in rich counties

• They were happier when they lived in rich neighborhoods in poor counties

• They were happier when they lived in poor neighborhoods in poor counties

• They were happier when they lived in rich neighborhoods in rich counties

What is the term used to describe the phenomenon where most big changes, positive or negative, have only a temporary effect on happiness, as mentioned in thevideo?

• Set point

• Reference-income hypothesis

• Hedonic treadmill

• Easterlin Paradox