In the area of many college campuses,parking spaces are often scarce.If these parking spaces have parking meters,which population described below would pay for parking?
A) a population that is willing to take risks and believes that they will not be caught if they do not place change in the meter
B) a population that places a high opportunity cost on making sure they have change and placing change in the meter
C) a population that is willing to take risks, believes that they will not be caught if they do not place change in the meter, and disregards any possible $5 ticket for parking illegally
D) a population that is unwilling to take risks and believes there is a high chance that they will not be caught if they do not pay for parking
E) a population that is unwilling to take risks, believes there is a high chance that they will be caught if they do not pay their share, and places a high value on doing the "right" thing

Question

Quizplus · Accepted Answer

This population is described as unwilling to take risks and valuing doing the "right" thing. Therefore, they would be more likely to pay for parking to avoid the risk of being caught and receive a ticket for parking illegally. Additionally, they would value following the rules and paying their fair share.

In the Area of Many College Campuses,parking Spaces Are Often