Suppose you would have to pay Alicia at least $150 to get her to part with a ticket she just bought to see her favorite band play next Friday. Loss aversion implies that if Alicia had not yet bought the ticket, she would:
A. be willing to pay exactly $150 for it.
B. be willing to pay less than $150 for it.
C. be willing to pay more than $150 for it.
D. no longer be interested in purchasing it.
Answer: B
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a. Huge capital expenditures required to get started in production b. Patents c. Sole ownership of a strategic resource d. Exclusive government franchise e. Positive economic profit
Congress and the President allow people to make greater contributions to tax-deferred savings accounts. Which curve in the market for loanable funds would shift, which direction would it shift, what would happen to the interest rate, and what would happen to investment spending?
Which of the following is the accurate equation for velocity?
a. V = (M x Q)/ P b. V = P x Q x M c. V = (P x Q)/M d. V = P + Q รท M
Roughly 160 million people in the United States hold jobs.
Answer the following statement true (T) or false (F)