Economists have used ________ and ________ in experiments designed to determine whether consumers care about fairness when they make decisions
A) the income effect; the substitution effect B) Giffen goods; luxury goods
C) network externalities; the endowment effect D) the ultimatum game; the dictator game
D
Economics
You might also like to view...
All of the following components add up to the current account, except:
a. unilateral transfers. b. statistical discrepancies. c. services. d. merchandise. e. investment income.
Economics
Which of the following is the most likely effect of minimum wage laws?
a. increase in the quantity of labor supplied by workers b. decrease in the quantity of labor supplied by workers c. increase in the quantity of labor demanded by firms d. decrease in unemployment e. a shift to the left of the demand curve for labor
Economics