Content Grades Communication Assessments Tools Resources apter 6 Quiz 0 Trang Le

Question

Content Grades Communication Assessments Tools Resources apter 6 Quiz 0 Trang Le: Attempt 1 Question 2 (1 point) C ons s saved While walking home, you find a $20 bill on the street. This being your lucky day, you immediately treat yourself to dinner at PF Chang's rather than eating old leftover pizza from your fridge. This type of spontaneous behavior is best described as: a) sunk cost fallacy. b) framing bias. c) altruism. 9 ) overvaluing the present relative to the future. Question 3 (1 point) D Which of these is net an example of a sunk cost that is subject to poor economic decision

Explanation / Answer

Option d)

Even though money has a higher value in the future, the money is used for today's consumption.

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