Michael and Pam Are Friends, but Have Never Dated

question 3

Multiple Choice

Michael and Pam are friends, but have never dated.Michael wants to ask Pam out on a date, with the hope that she will think of him as more than just a friend.Based on research on external justification and dissonance theory, under which of the following conditions will Pam like Michael the most?

• A) Michael asks her to go to the Dave Matthews concert.Pam loves the Dave Matthews Band but didn't have a ticket, so she accepts enthusiastically.
• B) Michael asks her to go to the Dave Matthews concert.Pam loves the Dave Matthews Band and didn't have a ticket, but she says no because she has a big paper due that week.
• C) Michael asks her to a Valentine's Day dinner at a restaurant that Pam doesn't like very much, and she accepts.
• D) Michael asks her to a Valentine's Day dinner at a very expensive restaurant that Pam loves, and she accepts.

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Definitions:

Supply Curves

A graphical representation that shows the relationship between the price of a good or service and the quantity that suppliers are willing to offer for sale at that price, over a given period.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace where individuals pursuing their own self-interest lead to the benefit of society at large.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.

Self-Interest

The pursuit of personal advantage and well-being, often driving economic decisions and behaviors.