In the Area of Many College Campuses,parking Spaces Are Often

question 85

Multiple Choice

In the area of many college campuses,parking spaces are often scarce.If these parking spaces have parking meters,which population described below would pay for parking?

• A) A population that is willing to take risks and believes that they will not be caught if they don't place change in the meter
• B) A population that places a high opportunity cost on making sure they have change and placing change in the meter
• C) A population that is willing to take risks, believes that they will not be caught if they don't place change in the meter, and disregards any possible $5 ticket for parking illegally
• D) A population that is unwilling to take risks and believes there is a high chance that they will not be caught if they don't pay for parking
• E) A population that is unwilling to take risks, believes there is a high chance that they will be caught if they don't pay their share, and places a high value on doing the "right" thing

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Holder

An individual or entity that legally possesses a negotiable instrument, like a check or bond, and has the right to enforce its terms.

Immunity

A provision or status that protects a person or entity from legal action or liability under certain conditions.

Drawee

The party directed by a drafter (e.g., the issuer of a check) to pay a certain sum of money to the party named in the document.