« previous next »

Author Question: Which of the following might explain the evidence of an endowment effect in behavioral economics? ... (Read 31 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Jul 1, 2018
Which of the following might explain the evidence of an endowment effect in behavioral economics?
 
  A) government regulation
  B) knowledge and experience
  C) the federal tax code
  D) class envy

Question 2

In behavioral economics, the endowment effect refers to
 
  A) most people believe that most wealthy people inherit their wealth.
  B) many people would be indifferent between being endowed with money or knowledge.
  C) many people place a higher value on what they own than when they consider purchasing.
  D) most people respond to tax incentives to provide an endowment for their children.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


zenzy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

The economics of conservation. The economics of conservation.
Effect of substrate concentration on the initial velocity of an enzyme-catalyzed reaction Effect of substrate concentration on the initial velocity of an enzyme-catalyzed reaction
Thorndike’s Puzzle Box and the Law of Effect (1 of 2) Thorndike’s Puzzle Box and the Law of Effect (1 of 2)
Effect of Landfall Effect of Landfall
Economics question Economics question
Economics question Economics question
Video: Cellular Defects - Osteoblasts, Osteoclasts and Osteocytes

For a complete list of videos, visit our video library