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vampirchik [111]
3 years ago
7

Mark is reluctant to sell his car. He says that his car is of great significance to him even though most people who owned a simi

lar car have sold it. Mark is not willing to let go of the car because he considers it to be invaluable. Mark’s belief about his car is an example of:________
Social Studies
1 answer:
Georgia [21]3 years ago
5 0

Answer:

The endowment effect.

Explanation:

The endowment effect is the reluctancy to sell or throw away an object they own opposed to acquiring the same object if they do not own it. In this case, Mark is reluctant to sell his car. Even if it meant great significance to him or not, he would not buy the same model if he hadn't had it in the first place. He would buy another one, according to this theory.

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3 years ago
Which situation is more likely to occur in a market economy than a command economy
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In a Market Economy, where one of its characteristics is the definition and application of the <em>property rights</em>, the situations described in alternatives B and C are likely to occur. Whereas the alternatives A and D are examples of a Command Economy where the means of production are opperated by one organization.

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3 years ago
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Answer:

Yes, the employer misused the incentive program.

Explanation:

There are 2 important factors to consider in this case.

1. Tyra did not violate the company safety rules.

2. Tyra reported her injury directly to the employer,

Based on this facts, we can determine that the employer incurred in a violation of the Code of Federal Regulations (CFR) part 29 § 1904.35(b)(1)(iv) which states that the employer will not discriminate or discharge an employee for work-related injuries in which the employee was following safety rules.

The Occupational Safety & Health Issues agency also declared that "rate-based incentive programs are also permissible under § 1904.35(b)(1)(iv) as long as they are not implemented in a manner that discourages reporting", in this case, Tyra may be discouraged to report a future injury, because that could cause her co-workers to lose their cash prize, and maybe for loyalty to them she will prefer to remain silent.

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4 years ago
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