Loss aversion is the tendency to experience losses as:
A. more painful than the pleasures that result from gains of the same magnitude.
B. more painful than gains of any magnitude.
C. less painful than the pleasures that result from gains of the same magnitude.
D. just as painful as the pleasures that result from gains of the same magnitude.
Answer: A
You might also like to view...
Suppose that the Bank of Japan buys U.S. dollar assets with yen-denominated assets. Everything else held constant, this transaction will cause ________ in the foreign assets held by the Federal Reserve and ________ in the U.S. monetary base
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
Which of the following is most appropriately measured along one axis of the production possibilities frontier diagram?
a. the quantity of a produced good b. the price of a produced good c. the quantity of natural resources d. the state of technology e. society's welfare and satisfaction
The United Kingdom (UK) is composed of the following individual countries
A. England, Scotland, Wales, and Ireland B. England, Scotland, Wales, and Northern Ireland C. England, Scotland, and Wales D. England, Scotland, Ireland, and Northern Ireland
Refer to the diagram. If line (c) represents the distribution of income before taxes and transfers and line (b) represents the distribution after taxes and transfers, then taxes and transfers have:
A. added to income inequality.
B. decreased the Gini ratio.
C. increased poverty.
D. reduced real GDP per person.