Which of the Following Is the Best Example of Normative

question 29

Multiple Choice

Which of the following is the best example of normative influence?

• A) patients adhering to doctors' recommendations
• B) people estimating how far a stable dot has moved by referring to others' estimates
• C) laughing with another's joke though we don't really find it funny
• D) obeying a dictatorial employer

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Definitions:

Industry's Price

The general price level at which goods and services are bought and sold within a specific industry.

Output

The total amount of goods and services produced by a company, industry, or economy.

Marginal Revenue Curve

A graphical representation that shows how marginal revenue varies with changes in the quantity of output sold.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.