Exhibit 20-8 ​ Refer to Exhibit 20-8. If the Price of Good X

question 55

Multiple Choice

Exhibit 20-8 ​

Refer to Exhibit 20-8. If the price of good X rises, the budget constraint moves from budget constraint

• A)1 to 2.
• B)2 to 3.
• C)3 to 1.
• D)1 to 3.
• E)a or c

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.