This topic contains a solution. Click here to go to the answer

Author Question: The fact that consumers often react more to changes in the posted price of a good as compared to ... (Read 103 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
The fact that consumers often react more to changes in the posted price of a good as compared to changes in the sales tax that is not posted is an example of
 
  A) salience.
  B) salinity.
  C) stupidity.
  D) rational ignorance.

Question 2

What is one potential problem with offering a choice of contracts to two different employees?
 
  A) If Employee A is paid more than Employee B, Employee A might sue for discrimination.
  B) Employee A might be paid less than Employee B, proving statistical discrimination.
  C) The two employees might compare salaries without comparing risk-preferences, thereby running the risk of jealousy or claims of discrimination.
  D) The two employees might compare risk preferences without comparing salaries, thereby running the risk of jealousy or claims of discrimination.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Answer to Question 1

A

Answer to Question 2

C





 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

For a complete list of videos, visit our video library