When ordinarily-neat people tend to litter in areas that are covered with graffiti, they illustrate the:
A. Planning fallacy
B. Framing effect
C. Confirmation bias
D. Availability heuristic
B. Framing effect
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Most payments in the United States for goods and services are made using
A) currency. B) traveler's checks. C) checking account deposits. D) gold.
A company can protect itself from the opportunity cost of rising rents in an area by buying its own building
a. True b. False Indicate whether the statement is true or false
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.
Average variable cost equals
A. TC/Q. B. TVC/Q. C. TFC/Q. D. change in total cost/change in output.