In Behavioral Economics,the Endowment Effect Refers to

question 34

Multiple Choice

In behavioral economics,the endowment effect refers to

• A) most people believe that most wealthy people inherit their wealth.
• B) many people would be indifferent between being endowed with money or knowledge.
• C) many people place a higher value on what they own than when they consider purchasing.
• D) most people respond to tax incentives to provide an endowment for their children.

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