A University Decides to Change Its Late Night Bus Service

question 205

Multiple Choice

A university decides to change its late night bus service between the campus and student housing from a fare-based service to a free service.This statement means that the incentive to ride the bus ________ and the opportunity cost of a bus ride ________.The university's decision is a ________ decision.

• A)changes;decreases;microeconomic
• B)changes;decreases;macroeconomic
• C)remains the same;remains the same;macroeconomic
• D)remains the same;remains the same;microeconomic
• E)changes;increases;microeconomic

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Definitions:

Foot-In-The-Door Technique

A persuasion strategy that involves getting a person to agree to a small request as a precursor to getting them to accede to a larger request.

Fundamental Attribution Error

A cognitive bias that involves overemphasizing personality-based explanations for behaviors observed in others while underestimating situational explanations.

Urban Ethnic Neighbourhoods

Areas within cities that are predominantly inhabited by members of the same ethnic or cultural group, often retaining distinctive cultural traits.

Lowball Technique

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