Answer: A. designating an anti-charity should be more effective because loss aversion will provide additional motivation
.
Options:
A. designating an anti-charity should be more effective because loss
aversion will provide additional motivation
B. designating a charity should be more effective because it avoids all potential for loss
C. it shouldn’t matter whether one designates a charity or anti-charity
D. self-interest biases generally keep people from choosing the anti-charity
Explanation:
The study of behavioral Economics shows that people are more driven by the loss of fear than the hope of gain. This is known as loss aversion. In commitment contracts where penalty money is promised to a charity or an anti-charity if the goal is not achieved, those who promise their money to an anti-charity tend to achieve their goals more. The same also applies when comparing this group and those who do not have to forego anything if they do not meet their target.
This is because giving to a charity will still seem beneficial while losing the money to an anti-charity will seem like a total loss.
Answer:
In a command economy, the government can not establish means that will influence competition between companies.
Explanation:
Command economy is an economic system in which the economy of a given country is directed and supervised solely by the state. In this context, all important decisions and all that generates income not only belong to the government but are controlled by it.
This model of economy differs from the market economy, where the rule of supply and demand prevails, and the control of goods and products is totally given to the government. In this way, the income and resources obtained in production and commerce are equally divided among all. In the planned economy there is no competition, and the only purpose of this system is to promote growth and collective well-being.
Although the focus of this economic model is not based on profits but on the collective good, the planned economy can also offer advantages to companies and organizations that aim to develop their internal processes and resources. By adapting this system to corporate needs, it can foster business growth and development.
Answer:
M1
Explanation:
In economics, the term M1 refers to very liquid money supply (money that is easy to get to) that includes the following:
- physical currency (coins and paper money)
- demand deposits,
- traveler's checks,
- other checkable deposits.
On the other, hand, M2 is less liquid money supply and it includes M1 plus:
- savings and time deposits,
- certificates of deposits,
- money market funds.
In general terms, the main difference between these two is how easy is to get access to them, M1 is more accessible (more liquid) than M2.
The question asks us about the <u>money supply that includes coins, paper money, traveler's checks, conventional checking accounts and checkable deposits. </u>We can see that all these refers to the most easily accessed money supply and thus <u>this is the definition of M1</u>
I believe best choice would be “saving to easily access the money when needed”.
The author wishes to convey the message that the person who has life skills will be able to do well in the real world, compared to those who do not have such skills.
<h3>What are life skills?</h3>
The skills that are not acquired by education, but through the experiences and are applicable in all walks of life are regarded as life skills. To be able to do well in life, an individual must possess certain life skills.
Hence, option D holds true regarding the life skills.
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