Jessica’s workplace is collecting money for a lottery pool. Each employee can choose to contribute $50, with a 1 in 600,000 chance of winning $1 million. If Jessica chooses not to contribute to the lottery pool, she is probably experiencing:
A. positive framing.
B. the endowment effect.
C. loss aversion.
D. status quo bias.
C. loss aversion.
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Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start her own florist business. Her business expenses are $14,000 per year on rent, $21,000 per year on supplies, and $9,000 per year on part time hel
A) $104,000 B) $86,000 C) $62,000 D) $44,000
In the United States economy, what is the basic measure of money?
A) wealth B) disposable income C) M1 D) commodities
Using the table above, the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1, 2, 3, 4, 5, and 6 as
A) not in the labor force. B) discouraged workers. C) unemployed. D) employed. E) the labor force.
The merger in 1955 joined the
a. Teamsters and the Automobile Workers b. Coal Miners and the Government Workers Union c. American Federation of Labor and the Congress of Industrial Organization d. Knights of Labor and the American Federation of Labor e. Cigar Maker's Union and the Congress of Industrial Organization