Multiple Choice
Which of the following is true of loss aversion?
A) A person is more sensitive to getting something, such as better health, than the loss of money.
B) A person wants to avoid losing money rather than gain better health.
C) A person reacts to an immediate loss even if it is small, as opposed to a long-term gain that may be large.
D) A person accepts losses whenever they occur.
Correct Answer:
Verified
Correct Answer:
Verified
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