Darcy borrowed $4,000 in 2016 from her employer to purchase a new com-puter. she repays $1,000 of the loan plus 6 percent interest on the unpaid balance in 2016, 2017, and 2018. after closing a big deal in 2019, she receives the original loan agreement stamped "paid in full" across the face. does darcy have to recog-nize any income from the cancellation of the loan in 2019? explain.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; encouraging the development of innovations by firms attempting to break a monopoly; (creative destruction)

answer///a road map;