The Mirrors in Shopping Malls May Reduce Shoplifting Because

question 93

Multiple Choice

The mirrors in shopping malls may reduce shoplifting because

• A) shoppers are distracted by seeing their reflections, which makes them less likely to behave in accord with their positive attitudes toward shoplifting.
• B) people focus on the image they see and their negative attitudes toward shoplifting are weakened.
• C) mirrors create a sense of luxury invoking the "you get what you pay for" heuristic.
• D) mirrors increase self-awareness, which makes negative attitudes toward shoplifting accessible.

Understand the concept of utility and how it influences consumer choices.

Apply the optimal consumption rule to analyze consumer behavior.

Explain the effects of income and substitution on consumer choices and the demand for goods.

Understand the relationship between price changes, income effect, substitution effect, and consumer demand.

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Definitions:

Swaps

Financial derivatives where two parties exchange financial instruments or cash flows.

Gilts

Government bonds issued by the United Kingdom, considered low-risk investments since they are backed by the British government.

Unbiased Forward Rates

Interest rates or currency exchange rates that are equal to the expected future spot rates, implying no arbitrage opportunities.

Exchange Rate

The exchange rate reflecting the value of one currency compared to another.