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.
A
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Members of Congress promising to support each other's legislation is known as
A) explicit collusion. B) implicit collusion. C) logrolling. D) protectionism.
The best explanation for the late 1994/early 1995 collapse of the Mexican peso and stock market is
(a) free movement of capital internationally is destabilizing for a developing country. (b) portfolio investments were camouflaging overvalued exchange rates. (c) debt for equity swaps had created imbalances in the ownership structure of the economy. (d) the potential benefits of NAFTA had been oversold.
Which of the following groups has had declining labor force participation over the last 30 years?
a. Women b. Men c. Teenagers d. Americans
Refer to Table 3.1 to answer the following questionTable 3.1 Individual Demand and Supply SchedulesQuantity Demanded byPriceAlejandroBenCarlMarket$8.00842________6.001244________4.002046________2.002246________Quantity Supplied byPriceAveryBrandonCassandra $8.006046________$6.004244________$4.002442________$2.00640________In Table 3.1, the equilibrium market price is
A. $6. B. $4. C. $2. D. $8.