Carol's University Puts a Cap of $10,000 on the Combined

question 64

Multiple Choice

Carol's university puts a cap of $10,000 on the combined aid and scholarship money a student can receive.As a freshman,Carol had received $7,500 in combined loans and scholarships.For her sophomore year,Carol won a competitive $5,000 scholarship,and her previous aid package was reduced by $2,500.According to prospect theory,what will Carol's strongest feeling be?

• A) pride in winning the $5,000 scholarship
• B) happiness about the added $2,500 in her aid package
• C) sadness over losing $2,500 of her previous aid package
• D) happiness over having scholarship and aid money

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Definitions:

Prohibition

The legal prevention of the manufacture, sale, and transportation of alcoholic beverages in the United States from 1920 to 1933 under the 18th Amendment.

Corruption

The abuse of entrusted power for private gain, often undermining democracy and good governance.

Speakeasies

Illicit establishments that sold alcoholic beverages during the Prohibition era in the United States.

Louis Brandeis

An American lawyer and Associate Justice on the Supreme Court of the United States from 1916 to 1939, known for his advocacy of privacy rights and progressive policies.