This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In August 2015, the U.S. unemployment rate was highest for A) whites. B) high school dropouts. ... (Read 85 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
on: Jun 29, 2018
In August 2015, the U.S. unemployment rate was highest for
 
  A) whites.
  B) high school dropouts.
  C) Hispanics.
  D) African Americans.
  E) Asians.

Question 2

Explain the endowment effect.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The endowment effect refers to the tendency of people to be unwilling to sell a good they already own even if they are offered a price that is greater than the price they would be willing to pay to buy the good if they did not already own it. This inconsistency comes from a failure to take into account nonmonetary opportunity costs.


kaid0807

  • Member
  • Posts: 515
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

This young boy with muscular dystrophy needs to receive tube feedings and home nursing care. He atte This young boy with muscular dystrophy needs to receive tube feedings and home nursing care. He atte
Whites pour mustard and ketchup over black (and white) students who were integrating a lunch counter ... Whites pour mustard and ketchup over black (and white) students who were integrating a lunch counter ...
How would you rate your overall health?” The percent of adults answering “excellent” or ... How would you rate your overall health?” The percent of adults answering “excellent” or ...
Using the cursors on the oscilloscope, the high- and low-oxygen sensor values can be displayed on ... Using the cursors on the oscilloscope, the high- and low-oxygen sensor values can be displayed on ...
A concrete wall of a cold storage room measures 3.0 m high, 5.0 m wide, and 20 cm thick. The ... A concrete wall of a cold storage room measures 3.0 m high, 5.0 m wide, and 20 cm thick. The ...
Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ... Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ...
Video: Effect of blood chemistry - stimuli, hyperventilation response and hypoventilation response

For a complete list of videos, visit our video library