That people tend to hold on to shares of stock well past the point where it makes sense to sell those shares can be explained in part by the:
A. Anchoring effect
B. Endowment effect
C. Status quo bias
D. Confirmation bias
B. Endowment effect
Economics
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According to the negative income tax, the breakeven income level for a program whose tax credit is $3,000 and whose tax rate is 30 percent would be
A. $4,500. B. $9,000. C. $10,000. D. $6,000.
Economics
Which of the following is considered a service in the calculation of GDP?
A. Manufacturing automobiles. B. Tax preparation. C. Constructing new homes. D. Manufacturing reclining chairs.
Economics
The theory of comparative advantage was proposed by
A. Adam Smith. B. David Ricardo. C. Eli Heckscher. D. Karl Marx.
Economics
What is a marginal cost?
What will be an ideal response?
Economics