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Savatey [412]
1 year ago
7

Walking to class one day, Lars finds a $5 bill lying on the sidewalk. If Lars is subject to the habit of mental accounting, how

is he MOST likely to respond?
Social Studies
1 answer:
choli [55]1 year ago
8 0

Answer:

Larry would probably take the money and ponder whether or not he should spend it or save it, and why.

Explanation:

Mental accounting refers to the various valuations that a person assigns to the same quantity of money depending on subjective criteria, which might have negative consequences. The term "mental accounting" is used to explain how humans classify, categorize, and assess economic outcomes. In practically every financial choice we make, mental accounting is at work. It causes us to cognitively divide money.

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As the exercise details, the DOT was a creation of the Department of Labor which meant to use it as a vehicle for helping the new public employment system link the demand for skills and the supply of skills in the U.S workforce. It helped define many different types of work. It's still available nowadays, even though it was developed from 1938 until the late 1990s.

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