Examlex
If crude oil is a variable factor of production for a firm, then an increase in the price of crude oil will lead to:
Over-Confidence
A cognitive bias where an individual's belief in their own abilities or the prospects of a situation are excessively optimistic beyond what evidence supports.
Regret Aversion
A psychological effect where individuals avoid making decisions that could result in action-based regret, affecting investment choices and risk-taking behaviors.
Short-Term Losses
Financial losses realized on the sale or exchange of an asset held for one year or less.
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