Chapter 3 Discussed a Study in Which People in a Laboratory

question 47

Multiple Choice

Chapter 3 discussed a study in which people in a laboratory setting were instructed to pay close attention to one message and to ignore a second message that mentioned their own name. According to your textbook,

• A) about one-third of the time, people noticed their name in the irrelevant message.
• B) people almost always noticed their name in the irrelevant message.
• C) people almost always noticed their name in the relevant message, but they almost never noticed their name in the irrelevant message.
• D) people were much more likely to notice their name in the irrelevant message than they would in a situation that has high ecological validity.

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Definitions:

Monopsonist

A market condition where a single buyer substantially controls the market as the major purchaser of goods and services.

Workers Hired

The number of employees that businesses employ or bring into their workforce.

Marginal Expenditure Curve

A graph showing the additional cost incurred from purchasing an additional unit of a good or service.

Market Supply Curve

The market supply curve graphically represents the relationship between the total quantity of a good that producers are willing to supply and the price of the good.