In One Study of 130 Subjects Who Kept Track of the Truthfulness

question 98

Multiple Choice

In one study of 130 subjects who kept track of the truthfulness of their everyday, conversational statements,

• A)25 percent of these statements proved to be totally honest.
• B)38.5 percent of these statements proved to be totally honest.
• C)55.5 percent of these statements proved to be totally honest.
• D)66 percent of these statements proved to be totally honest.
• E)75 percent of these statements proved to be totally honest.

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Definitions:

Budget Constraint

A financial limitation that represents the combination of goods and services a consumer can afford with their available income.

Monthly Income

The total income received every month from all sources including salaries, benefits, and investments.

Purchase Bundle

A combination of goods and services that a consumer buys at a given time.

Budget Constraint

Refers to the limitations on the consumption choices of individuals based on their income and the prices of goods and services.