In the Context of Economic Status and Occupation Influencing Public

question 4

Multiple Choice

In the context of economic status and occupation influencing public opinions, business managers are most likely to:

• A) favor government assistance programs for employees working in business houses.
• B) favor tax laws helpful to businesses.
• C) favor the views of opinion leaders who support social causes.
• D) support government spending in their business area.
• E) support a government that provides aids to the needy.

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Definitions:

Monthly Credit Card Statements

Periodic summaries sent by credit card companies to cardholders, listing purchases, payments, and other transactions for the month.

Behavioral Economics

Behavioral economics studies how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions and the consequences for market prices, returns, and resource allocation.

Availability Heuristic

An intellectual quick-step that employs readily recalled instances when contemplating a certain topic, notion, strategy, or judgment.

Endowment Effect

The phenomenon in which individuals value an owned object higher than its market value simply because they own it.