Which of the Following Is an Example of the Fact

question 174

Multiple Choice

Which of the following is an example of the fact that people are prone to inertia?

• A)an individual deciding to continue with an insurance policy even after its premium rate increases and alternative policies are available in the market
• B)an individual deciding to decrease the consumption of a commodity when the utility derived from it falls
• C)an individual deciding to opt for additional savings schemes apart from those set as the default by employers
• D)an individual replacing high-power electrical lights and appliances with low-power ones to reduce electricity consumption per month
• E)an individual visiting a new grocery store for her monthly grocery shopping

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Definitions:

Impending Death

The state of being close to death or approaching the end of life, often associated with terminal illness or critical conditions.

Acceptance

The act of receiving or taking something offered, or the cognitive and emotional embrace of reality or a situation as it is.

Expensive Funerals

Ceremonial services at the end of life that involve significant financial expenditure, often reflecting cultural or personal values about honoring the deceased.

Social Norms

Shared guidelines or rules within a society that dictate appropriate behaviors and actions.