IDs and Paired-Concept Questions

question 10

Short Answer

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
-Panama Canal,control efforts

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Definitions:

Endowment Effect

The cognitive bias causing individuals to ascribe higher value to things merely because they own them.

Loss Aversion

A psychological principle suggesting people tend to prefer avoiding losses to acquiring equivalent gains.

Military Time

A timekeeping system that runs from midnight to midnight, displayed in a 24-hour format, to avoid ambiguity.

Documenting

The process of recording information systematically and accurately for the purpose of communication, compliance, and record-keeping.