The general resistance to change, often stemming from loss aversion, is known as:

A. the present aim standard of rationality.
B. the Weber-Fechner law.
C. regression to the mean.
D. status quo bias.


Answer: D

Economics

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Which of the following illustrates an optimistic expectation of the people about the economy?

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An increase in the price of milk causes a decrease in the demand for cereal. The two products are

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What will be an ideal response?

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