Based on the anchoring effect, a seller has an incentive to plant a relatively ________ number in the buyer's head, and a buyer has an incentive to plant a relatively ________ number in the seller's head.
A. large; large
B. large; small
C. small; large
D. small; small
Answer: B
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Standards set to control air toxics in the United States
a. are known as the NAAQS b. are the same as those set for greenhouse gases c. are intended to attain the maximum reduction for each toxic achievable, known as MACT d. are solely benefit-based
Logrolling refers to
a. vote trading among legislators. b. the tendency of voters to free-ride on the payment for public goods. c. the power of well-organized interest groups. d. the tendency of legislators to favor the interests of the timber (logging) industry.
Fill out the table and answer the question below. 
The average product of labor when 4 units of labor are employed is
A. 22. B. 19. C. 16. D. 20.
The assumption under perfect competition of a "homogeneous product" means that
A. that no firm can charge more than another for its product. B. the good one firm produces is very different than the good another produces. C. the good one firm produces is exactly the same as the good another firm produces. D. that no buyer will pay more for one firm's good than another's.