Luther has a nice suburban home and everything necessary to be happy, but when his neighbors buy a high-profile item like a car or a hot tub, Luther has to buy something similar. His wife calls it "keeping up with the Joneses."
What would economists say is at work here?
A) consumer sovereignty
B) government influences
C) product scarcity
D) incomplete information
E) buyer-seller irrationality
Answer: E
Explanation: E) The ideal supply and demand model operates under pure logic, but our buying and selling decisions are often influenced by emotions such as envy.
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Upon request, an employer has an obligation to provide information such as job evaluation data, health and safety statistics, and wage information to the union if it is necessary for representing the workers effectively.
Answer the following statement true (T) or false (F)
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a. her HR department liaison b. her own careful monitoring of employee behavior c. ethics issue metrics set up by previous managers d. her employees’ voluntary reporting
The verbal channel is considered to be the most specific form of communication
Indicate whether the statement is true or false.