Suggested donations on fundraising items sent to you in the mail is an example of:

A. loss aversion.
B. positive framing.
C. anchoring.
D. rule of thumb.

C. anchoring.

Economics

You might also like to view...

Rhonda sells a house she has owned for 15 years and starts living in a rented apartment. To make it more marketable, she buys carpeting that she has professionally installed and buys wallpaper that her daughter hangs. Which items would be included in this year's gross domestic product (GDP)?

a. The sale price of the house b. The cost of transporting all her furnitures to the new apartment c. The opportunity cost of Rhonda's daughter's time d. The opportunity cost of Rhonda's time e. The purchase price for carpet and wallpaper, and the installation fee for the carpet

Economics

The study by economists Cox and Alm found

a. the gap between rich and poor shrinks greatly if using after-tax income compared with pre-tax income. b. the gap between rich and poor shrinks slightly if using after-tax income compared with pre-tax income. c. the gap between rich and poor widens slightly if using after-tax income compared with pre-tax income. d. the gap between rich and poor widens greatly if using after-tax income compared with pre-tax income.

Economics