Recall That Festinger and Carlsmith Gave Participants Either $1 or $20

question 51

Multiple Choice

Recall that Festinger and Carlsmith gave participants either $1 or $20 for telling others that an experiment was fun and interesting.The experiment entailed turning pegs on a pegboard one quarter turn at a time.Thus, in actuality, the experiment was tedious and boring.Study results showed that

• A) neither $1 nor $20 could induce participants to tell other people that the experiment was interesting.
• B) after telling people that the experiment was interesting, participants in the $1 condition tended to express a more favorable attitude toward the experiment.
• C) participants in the $20 condition reported stronger feelings of guilt over having told people that the experiment was interesting.
• D) participants in the $1 condition were less likely to following the experimenter's instructions.

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Definitions:

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a good or service, and where there are high barriers to entry for potential competitors.

Production Function

An equation that describes the maximum output of a good or service that can be produced from a set number of inputs, outlining the relationship between input usage and output levels.

Labor

The use of physical or mental labor by people to produce goods and services.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers within a certain period.