(Consider This) When the Federal Government Started Requiring Restaurants to Print

question 216

Multiple Choice

(Consider This) When the federal government started requiring restaurants to print calorie counts next to menu items, some people increased their consumption of higher-calorie items. Whichof the following best explains this phenomenon?

• A) Consumers at restaurants are systematically irrational.
• B) Consumers are more interested in maximizing calories per dollar than health per dollar.
• C) Restaurants lowered the prices of healthier items, signaling to consumers that they are less appealing.
• D) Restaurants cut portion sizes on all items to reduce calorie counts.

Identify and understand the concept of exchange rates and balance of payments.

Understand the factors contributing to job satisfaction and the role of personality characteristics in job satisfaction.

Recognize the motivations behind college attendance in the modern era.

Identify gender differences in job choice criteria and career development.

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Definitions:

Movement

A change or development in a particular direction, often referred to in contexts ranging from physical relocation to shifts in opinions or trends.

Supply Curve

represents the relationship between the price of a good and the quantity of that good suppliers are willing to produce and sell, typically upward sloping because higher prices incentivize more production.

Shift

A change in demand or supply where the entire curve moves either right (increase) or left (decrease), signifying changes in market conditions.

Supply Curve

A visual chart demonstrating the link between a product's price and the amount producers are willing to supply.