When We Buy Products for Household Use,we Should Avoid Products

question 96

Multiple Choice

When we buy products for household use,we should avoid products whose packaging is

• A)reusable.
• B)recyclable.
• C)degradable.
• D)longest lasting.

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Definitions:

Economists

Professionals who study how societies use resources to produce goods and services and distribute them among individuals.

Loss Aversion

The strong tendency to regard losses as considerably more important than gains of comparable magnitude—and, with this, a tendency to take steps (including risky steps) to avoid possible loss.

Affective Forecasting

Predicting one’s own emotional response to upcoming events.

Affective Forecasting

The process by which individuals predict their future emotional states in response to events or decisions.