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Match Each Item with a Statement Below

question 43

Multiple Choice

Match each item with a statement below:
-example of a disk-to-disk copy maker tool

Discern the characteristics and enforceability of online contracts, including click-on, shrink-wrap, and browse-wrap agreements.
Understand the exclusive rights provided by patents and the exclusions to what can be copyrighted.
Learn the purpose and limitations of various equitable remedies in contract law.
Understand the concept of expected utility and how it applies to decision-making under uncertainty.

Definitions:

Behavioral Economists

Economists who study the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.

System 2

A concept from cognitive psychology that refers to the deliberate, analytical, and slow way of thinking, as opposed to quick, instinctual decisions.

Endowment Effect

The tendency for people to value something more highly simply because they own it.

Behavioral Economics

A field of economics that studies how psychological, social, cognitive, and emotional factors affect the economic decisions of individuals and institutions and the consequences for market prices, returns, and resource allocation.

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