Suppose Anna just received a parking ticket. According to the availability heuristic, this will tend to make Anna:

A. dislike parking tickets.
B. think people frequently receive parking tickets.
C. less likely to pay future parking tickets.
D. think people should not receive parking tickets.


Answer: B

Economics

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Answer the following statement true (T) or false (F)

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The market demand for a monopoly firm is estimated to be:Qd = 100,000 - 500P + 2M + 500PRwhere Qd is quantity demanded, P is price, M is income, and PR is the price of a related good. The manager has forecasted the values of M and PR will be $50,000 and $20, respectively, in 2016. For 2016, the inverse demand function is 

A. P = 600 - 0.001Q.  B. P = 600 - 0.004Q. C. Q = 300 - 0.005P. D. P = 300 - 0.002Q. E. none of the above

Economics

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Answer the following statement true (T) or false (F)

Economics

A long-term loan that is given to a firm is known as a

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Economics