In Which Case Is Lowballing Least Likely to Work

question 38

Multiple Choice

In which case is lowballing least likely to work?

• A) Jeremy is lowballed after he puts a down payment on a car which he has been planning to buy for months.
• B) Cassie is lowballed after she spends thirty minutes filling out contracts on her car purchase.
• C) Tess is lowballed, and although before the lowball she could get the car she wanted for $50 less at the dealer she chose, after the lowball she would save $800 if she backed out of her deal.
• D) Philip is lowballed, and he's in a hurry to close the deal because he's trying to finish it on his lunch break.

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Definitions:

African Americans

A term referring to citizens or residents of the United States who have ancestry from native populations of Africa.

Crowding Model

An economic theory that describes how public sector employment can impact wages and employment levels in the private sector.

Occupational Segregation

The crowding of women or minorities into less desirable, lower-paying occupations.

Domestic Output

The sum of the value of all products and services made within the confines of a country during a particular time frame.