Michelle Believes That Spiders Are Dangerous and That a Spider

question 25

Multiple Choice

Michelle believes that spiders are dangerous and that a spider bite can have fatal consequences.This is an example of:

• A)the affective component of attitude.
• B)the cognitive component of attitude.
• C)the behavioural component of attitude.
• D)a reference group.
• E)negative word of mouth.

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Definitions:

Subsidy

Payment reducing the buyer’s price below the seller’s price; i.e., a negative tax.

Labor Market

The labor market is the arena in which employers seek to hire labor and workers seek employment, and where wage rates are determined by supply and demand for labor.

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.