Mary, a 25-Year-Old Administrator, Enjoys Going Out Every Weekend

question 73

Multiple Choice

Mary, a 25-year-old administrator, enjoys going out every weekend.One afternoon, while window shopping at a mall, Mary spots a sale at her favourite retail store.Despite making a strict resolution not to buy unnecessary goods, Mary weakens and buys a purse, a pair of jeans, and a pair of shoes.This is an example of:

• A)habitual decision making.
• B)an internal search for information.
• C)postpurchase dissonance.
• D)impulse buying.
• E)an external search for information.

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Definitions:

Absolute Amounts

Quantities that are measured without any comparison or relation to other quantities, often referring to totals in financial contexts.

Comparative Advantage

The ability of an individual or country to produce a good or service at a lower opportunity cost than others.

Production Possibilities

A curve representing all possible combinations of two goods that can be produced within a given economy when resources are fully and efficiently utilized.