Which of the Following Is Most Likely to Be a Feature

question 38

Multiple Choice

Which of the following is most likely to be a feature of a state-contingent contract?

• A)The agent pays the principal a higher licensing fee when demand is high compared to when demand is low.
• B)The agent makes the same wage regardless of demand.
• C)The agent, who lives in Nevada, earns more money on out-of-state sales (e.g., sales to California or New York)than in-state sales.
• D)The restaurant owner (principal)pays the waiter (agent)more when it is snowing or raining outside.

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Definitions:

Linguistic Relativity

The hypothesis that the structure of a language affects its speakers' world view or cognition, suggesting language influences thought processes.

Framing

The way information is presented to users, which can significantly influence their decisions and judgments.

Bigot

A person who is intolerantly or unreasonably attached to a belief, opinion, or faction, especially one who exhibits intolerance toward those of differing beliefs.

Confirmation Bias

An inclination towards seeking, understanding, favoring, and remembering information that affirms one’s pre-held beliefs or hypotheses.