Passage: 'While behavioral nudges successfully increase default retirement savings rates, they do not resolve structural income deficits among low-wage households.' What limitation of nudges is identified?
Answer and explanation
Correct answer: B. Nudges cannot compensate for systemic wage inadequacies
- Step 1: 'they do not resolve structural income deficits among low-wage households'. Step 2. Nudges cannot fix structural wage inadequacies. Answer: Nudges cannot compensate for systemic wage inadequacies. Why not the others: Nudges do alter defaults; they do not cause early withdrawal; they do not require legal penalties.
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