________ Is a Phenomenon in Which Companies Use Everyday People

question 25

Multiple Choice

________ is a phenomenon in which companies use everyday people as a cheap labor force.

• A) Nearshoring
• B) Phishing
• C) Crowdsourcing
• D) Narrowcasting
• E) Pharming

---

Definitions:

Monthly Credit Card Statements

Periodic summaries sent by credit card companies to cardholders, listing purchases, payments, and other transactions for the month.

Behavioral Economics

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

Availability Heuristic

An intellectual quick-step that employs readily recalled instances when contemplating a certain topic, notion, strategy, or judgment.

Endowment Effect

The phenomenon in which individuals value an owned object higher than its market value simply because they own it.