Which of the Following Statements Is Most Valid on the Basis

question 62

Multiple Choice

Which of the following statements is most valid on the basis of current evidence?

• A)people were living in the New World sometime after 28,000 years ago
• B)people were living in the New World sometime before 50,000 years ago
• C)people did not arrive in the New World until 9,000 years ago
• D)there is good evidence that people lived in the New World before 500,000 years ago

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Definitions:

Clear Preferences

The concept in decision theory and economics where consumers or decision-makers have well-defined preferences, allowing for consistent choices among sets of alternatives.

Budget Constraints

Constraints that consumers face as a result of limited incomes.

Endowment Effect

Tendency of individuals to value an item more when they own it than when they do not.

Reference Point

A basis or standard for evaluation, comparison, or judgment.