People's tendency to prefer the "default" option over other options is known in prospect theory as the:
A. Anchoring effect
B. Mental accounting effect
C. Status quo bias
D. Confirmation bias
C. Status quo bias
Economics
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The marginal propensity to consume is: a. the relationship between a change in consumption and a change in income. b. the relationship between a change in consumption and a change in saving. c. the relationship between changes in consumption and changes in net wealth. d. the ratio of income to consumption at any given level of income
e. the ratio of total consumption to total saving.
Economics
What are the problems associated with the sale of human organs?
Economics