Reactivity

question 84

Multiple Choice

Reactivity:

• A)is never a problem with naturalistic observation
• B)is always a problem with structured observation
• C)becomes less a problem with repeated observations
• D)is usually worse when researchers fade into the background as compared with being in close proximity to the participants

Recognize situations where a preexisting duty affects the validity of consideration.

Differentiate between the adequacy of consideration and the factors courts consider in evaluating it.

Understand the applications and limitations of the doctrine of promissory estoppel.

Distinguish between enforceable and non-enforceable promises based on the presence of consideration.

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Definitions:

Marginal Rate of Substitution

The rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility.

Marginal Utilities

The supplementary utility or satisfaction received by using one more unit of a good or service.

Lemonade

A sweetened beverage made from lemon juice, water, and sugar, often associated with simple entrepreneurial ventures like lemonade stands.

Popcorn

A type of corn kernel which expands and puffs up when heated, often consumed as a snack.