Which of the Following Would Be Most Likely to Increase

question 287

Multiple Choice

Which of the following would be most likely to increase the price of a new house?

• A)Higher wages for carpenters, higher wood prices, increases in consumer incomes, higher apartment rents, increases in population, and expectations of higher house prices in the future.
• B)Lower wages for carpenters, lower wood prices, increases in consumer incomes, higher apartment rents, increases in population, and expectations of higher house prices in the future.
• C)Lower wages for carpenters, higher wood prices, decreases in consumer incomes, higher apartment rents, decreases in population, and expectations of higher house prices in the future.
• D)Lower wages for carpenters, lower wood prices, decreases in consumer incomes, lower apartment rents, decreases in population, and expectations of lower house prices in the future.

---

Definitions:

Enrolled

Definition: Being officially registered and participating in a course, program, or institution.

Anticipated Regret

The emotional distress one expects to feel from a potential future outcome of making a particular choice.

Decision Avoidance

A behavior or tendency to defer, avoid, or abandon making choices to avert potential negative outcomes or regret.

Certainty Effect

The tendency for people to overvalue outcomes that are certain compared to those that are only probable.