A workers who is always honest with their cash drawer must be a good mother as well because she is "honest" and "honest" people raise good children. This thought process describes

a. discrimination
b. trait management
c. the halo effect
d. laissez-faire


Ans: c. the halo effect

Economics

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If the rental rate increases, we know for sure that the firm will produce less and will (in the long run) use less capital.

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

Economics

Under tort law, compensatory damages are awarded in order to

a. compensate individuals who are injured as a result of the intentional behavior of others. b. compensate individuals who are injured as a result of the negligent behavior of others. c. punish those who injure others intentionally d. to deter others from taking risks

Economics

One problem with the consumer price index stems from the fact that, over time, consumers tend to buy larger quantities of goods that have become relatively less expensive and smaller quantities of goods that have become relatively more expensive. This problem is called

a. price-change neglect. b. unmeasured quality change. c. substitution bias. d. relative bias.

Economics

In the above figure, market equilibrium at point E yields the quantity X. The quantity X? is the socially optimal quantity. Point E indicates that currently there is

A. a public good. B. a positive externality with subsidy. C. a negative externality. D. a positive externality.

Economics