Which One of the Following Statements About the Study by Williams

question 41

Multiple Choice

Which one of the following statements about the study by Williams and Best (1982) is not true?

• A)People in 30 countries,52 to 120 respondents per country,for a total of almost 3,000 individuals participated in their study
• B)The study used a questionnaire known as the Adjective Check List (ACL)
• C)The ACL is a list of 300 adjectives
• D)The results of the study indicated the cultural differences in characteristics as describing males or females

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Definitions:

Marginal External Cost

The additional cost incurred by society due to one more unit of a good or service being produced, that is not accounted for by the producer.

External Cost

A cost of a transaction that affects someone who is not directly involved in the transaction.

Profit Maximizing

A strategy or point at which a firm decides the price and output level that leads to the maximum profit.

MSB Curve

The Marginal Social Benefit curve, showing the extra benefit to society of producing one more unit of a good.