When purchasing a product with a credit card, our gut-feeling aversion to spending money is ________ and brain activity in the insula is ________.
A. strengthened; strengthened
B. strengthened; weakened
C. weakened; strengthened
D. weakened; weakened
Answer: D
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Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is TRUE?
A) April has neither an absolute nor a comparative advantage in painting snowboards. B) April has both an absolute and comparative advantage in painting kites. C) April has both an absolute and comparative advantage in painting snowboards. D) April has neither an absolute nor comparative advantage in painting kites.
Why are firms usually unwilling to lower nominal wages?
What will be an ideal response?
Refer to the scenario above. Jack will derive ________ units of utility if he tries to move the tree while Jill does not try at all
A) 5 B) -5 C) -2 D) 10
Refer to Figure 3-2. A decrease in the price of substitutes in production would be represented by a movement from
A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.