Ira invested in a stock six years ago. since then, the value of her stock has reduced drastically. ira is hesitant to pull out her money from the stock because she feels that she has already invested a lot of time and money into it. she feels that it is too late to make any decisions about her investment. ira’s belief best explainsa. the flynn effect.
b. the sunk cost fallacy.
c. functional fixedness.
d. benefit finding.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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