Once people hear what the majority of individuals like them are doing, they are most likely going to choose:
A. something slightly worse, because they don't want to be taken advantage of.
B. the same, because they typically don't like to be outliers.
C. something better, because they typically want to be special.
D. None of these is likely.
Answer: B
You might also like to view...
In the figure below, the economy is initially in long-run equilibrium at point A. If there is an adverse supply shock that reduces potential output and shifts the long-run aggregate supply curve from LRAS to LRAS', then the new long-run equilibrium is reached at point: 
A. C. B. D. C. E. D. B
What is Consumer Price Index (CPI) ?
A. CPI is a tool used to measure the average price level of all final goods and services produced. B. CPI is the measurement of the price of a fixed basket of goods and services relative to the price of that same basket in some base year. C. CPI is the measurement of the amount of money that it takes to produce a fixed level of utility. D. None of the above.
The role of the government in establishing how private business can operate includes all of the following except
A. Providing raw materials to business. B. Protecting consumers from defective products. C. Providing a legal framework. D. Protecting the environment.
For this question, assume that expectations of productivity are slow to adjust. An increase in productivity growth from 1% to 3% will cause
A) an increase in the real wage of 1% and an increase in un. B) an increase in the real wage of 1% and a reduction in un. C) an increase in the real wage of 3% and an increase in un. D) an increase in the real wage of 3% and a reduction in un.