In a Recent Study, When People Were Overpaid for a Task

question 203

Multiple Choice

In a recent study, when people were overpaid for a task and believed that the money would be coming out of the pocket of the person doing the study, what percent kept the extra money?

• A) six percent
• B) 17 percent
• C) 33 percent
• D) 50 percent

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Definitions:

Microeconomic Theory

The study of individual, household, and firm behaviors in decision making and allocation of resources.

Emphasis

A special importance, value, or prominence given to something.

Good

An item, material, or product that satisfies a want or need; can be tangible (physical) or intangible (like a service).

Perceived Fairness

The subjective judgment by individuals about the fairness or equity of something, often in economic transactions or distributive justice.