The Tendency to Care More About Avoiding Losses Than About

question 39

Multiple Choice

The tendency to care more about avoiding losses than about achieving equal-size gains is termed:

• A)impulsivity.
• B)loss aversion.
• C)fear of success.
• D)drive reduction.

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Definitions:

Durable Goods

Goods not for immediate consumption that can be used over a period of time, such as appliances, cars, and furniture.

Business Inventories

The stocks of goods and materials that firms hold for the purpose of sale or input into production, often used to meet consumer demand or continue production.

Welfare Benefits

Financial assistance provided by the government to individuals or groups in need, aiming to support well-being and economic stability.

Stocks And Bonds

Stocks and bonds are financial instruments; stocks represent ownership shares in a company, while bonds are debt securities issued by entities like governments or corporations to raise capital.