A _______ is a combination of habit and everyday expectations mixed with an appropriate amount of novelty and adventure

Based on the research findings of David Galenson, Robert Heavner and others, what type of person would you expect to negotiate an indenture contract of the longest duration?

a. a 13 year-old illiterate male who went to New York b. a 22 year-old female weaver who went to Massachusetts c. a 20 year-old male unskilled worker who went to the West Indies d. a 21 year-old male blacksmith who went to the Pennsylvania

Alex is willing to pay $100 for a new dress. On reaching the store, he finds that the price is $75 . If Alex purchases the dress, he receives a consumer surplus of _____

a. $50 b. $25 c. $75 d. $100