A Car Is Valued at $4,550

question 4

Multiple Choice

A car is valued at $4,550.00. If the personal property tax rate is $18.00 per thousand, how much is the owner taxed?

• A) $78.90
• B) $79.90
• C) $80.90
• D) $81.90

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Definitions:

Lowball Technique

A persuasive strategy where a more attractive offer is initially presented to get an agreement, then terms are made less favorable.

Feigned Scarcity

Feigned scarcity is a marketing strategy wherein the availability of a product is artificially limited to increase demand.

Reciprocity Norm

A social norm that dictates that we should repay, in kind, what another person has provided us, promoting the exchange of goods, services, and favors.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values.