A New Drug Was Given a Schedule V Classification

question 58

Multiple Choice

A new drug was given a schedule V classification.This indicates:

• A) the drug has no abuse potential and has medical uses.
• B) the drug has high abuse potential and does not have medical uses.
• C) the drug has relatively low abuse potential and has medical uses.
• D) the drug has no abuse potential and does not have medical uses.

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Definitions:

Framing Effects

The influence on an individual's decision-making caused by the way information is presented, rather than just the information itself.

Status Quo

The existing state of affairs; in prospect theory, the current situation from which gains and losses are calculated.

Utility

A measure of satisfaction or value that consumers receive from consuming goods and services.

Endowment Effect

The tendency people have to place higher valuations on items they possess (are endowed with) than on identical items that they do not possess; perhaps caused by loss aversion.