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Scenario I
Scenario I is based on and presents data from the following study (reproduced from p.25 of the textbook) :
Piff,P.K. ,Stancato,D.M. ,Côté,S. ,Mendoza-Denton,R. ,& Keltner,D.(2012) .Higher social class predicts increased unethical behavior.PNAS Proceedings of the National Academy of Sciences of the United States of America,109(11) ,4086-4091.doi:10.1073/pnas.1118373109
Piff and colleagues (2012) used naturalistic observation techniques to determine if wealthy people behaved more or less ethically than people who were not wealthy.In one study,observers stood at a busy intersection and recorded the make,model,and year of each approaching car.They also noted if the car cut off other cars or pedestrians at this intersection.
Major findings of Piff et al.(2012) are presented in Figure 1.1.This figure shows the percentage of times vehicles cut off another driver (top panel) or pedestrians (lower panel) as a function of the social status of the vehicles (with more expensive cars ranked higher in social status) .
Figure 1.1
-(Scenario I) Consider both panels in Figure 1.1.Which is a description of a result shown in this figure?
Trade Surplus
A situation where the value of a country’s exports exceeds the value of its imports.
Balance of Trade
The difference in value between a country's imports and exports over a given period, indicating the net earnings on foreign trade.
Foreign Trade Sector
The segment of an economy's market dealing with the exchange of goods and services across international borders.
Trade Deficit
A condition where a nation's incoming goods and services are greater than what it sends out.
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