Signals

question 115

Multiple Choice

Signals

• A) have no importance in economics.
• B) convey information about the profitability of various markets.
• C) are only a characteristic of competitive markets.
• D) lead to less competition in markets.
• E) result in less information in a market.

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Definitions:

Objective Norms

Standards of behavior that are based on observable actions in a society or group, rather than subjective opinions or beliefs.

Attitude Inoculation

A technique used to make people resistant to attempts to change their attitudes, analogous to how vaccination works to prevent illness.

Counterarguments

Arguments presented to oppose or refute another argument or perspective.

Generating Counterarguments

The process of creating arguments that oppose or refute a specific position or perspective.