People Tend to Give 'Yes' Responses to Questions, Regardless of What

question 50

Multiple Choice

People tend to give 'yes' responses to questions, regardless of what they are asked.This is an example of ________.

• A)response bias
• B)elaborative rehearsal
• C)salience
• D)nostalgia

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Definitions:

Maximize Utility

The process of allocating resources to obtain the highest possible satisfaction or utility.

Consumer Equilibrium

A state in which consumers are maximizing their satisfaction, with no incentive to alter their allocation of expenses across goods or services.

Marginal Utility

The change in total satisfaction or utility that a person receives from consuming one additional unit of a good or service.

Budget Line

Represents all the combinations of two goods that a consumer can afford given their prices and the consumer's income.