« previous next »

Author Question: What is the endowment effect? A) the tendency of firms to use celebrities endowed with good looks ... (Read 51 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 29, 2018
What is the endowment effect?
 
  A) the tendency of firms to use celebrities endowed with good looks to promote their products
  B) the phenomenon that economic agents are endowed with different qualities and abilities so that trade among individuals increase efficiency
  C) the tendency of people to be unwilling to sell something they already own even if they are offered a price that is greater than the price they would be willing to pay to buy the good if they didn't already own it.
  D) the tendency for economic agents with abundant resources to consume a proportionately greater quantity of goods and services

Question 2

Which of the following will not cause the labor demand curve to shift to the right?
 
  A) a technological improvement that increases labor productivity
  B) an increase in human capital in the labor force
  C) an increase in the market wage rate
  D) an increase in the price of the firm's product
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


pallen55

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

The Greenhouse Effect The Greenhouse Effect
Effect of changing a set point for hypothalamic values Effect of changing a set point for hypothalamic values
Doppler effect Doppler effect
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
Effect of extreme homoallostery Effect of extreme homoallostery
Position effect variegation of eye color in Drosophila Position effect variegation of eye color in Drosophila
Video: Renin/Angiotensin (water gain from urine & Na ion and water reabsorption)

For a complete list of videos, visit our video library