If You Exhibit Endowment Effect, Then You

question 177

Multiple Choice

If you exhibit endowment effect, then you

• A) decide rationally when making decisions about selling but not when making decisions about buying.
• B) have a strong attachment to things you already own.
• C) buy something you cannot afford.
• D) decide rationally when making decisions about buying but not when making decisions about selling.

---

Definitions:

Labor Union

An organized association of workers formed to protect and further their rights and interests, including wages, benefits, and working conditions.

Private College

An educational institution of higher learning that is not supported by public funds and is operated by a private individual or organization.

Hiring Standards

The criteria and qualifications required for a candidate to be eligible for a particular job position.

Legal Challenge

A dispute brought before a court, questioning the legality or constitutionality of a law, regulation, decision, or action.