Match Each Numbered Entry with the Most Relevant Lettered Entry

question 12

Multiple Choice

Match each numbered entry with the most relevant lettered entry below.
-black market

• A)legally dependent
• B)denial of consent
• C)under care of guardian
• D)substantial abuse or neglect
• E)payments beyond expenses
• F)notice of proposed adoption
• G)fatherhood
• H)formal request
• I)tort 26. ward
• J)unfulfilled intention to adopt

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Definitions:

Loss Aversion

A cognitive bias reflecting the tendency for people to prefer avoiding losses to acquiring equivalent gains, suggesting that losses are perceived as more severe than gains.

Status Quo Bias

A cognitive bias that represents a preference for the current state of affairs, leading individuals to resist change.

Marginal Cost

The expense associated with creating an extra unit of a product or service.

Marginal Benefit

The further satisfaction or value an individual gains from consuming an extra unit of a certain product or service.