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Question
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. those that are willing to take risks and believe that they will not be caught if they dont place change in the meter
b. those that place a high opportunity cost on making sure they have change and placing change in the meter
c. those that are willing to take risks, believe that they will not be caught if they dont place change in the meter, and disregard any possible $5 ticket for parking illegally
d. those that are unwilling to take risks and believe there is a high chance that they will not be caught if they dont pay for parking
e. those that are unwilling to take risks, believe there is a high chance that they will be caught if they dont pay for parking, and place a high value on doing the right thing
Answer
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