Finish the Following Sentence: a Reference Point Can Influence How

question 49

Multiple Choice

Finish the following sentence: A reference point can influence how people make economic decisions,

• A) but the theory does not claim that reference points have a large effect on those decisions.
• B) and that influence can be very strong.
• C) although there is no consensus on whether that influence is large or small.
• D) but only traditional economic theory can fully explain their degree of influence in those decisions.

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Definitions:

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