Suppose That You Are Competing in the Olympic Games on the U.S

question 172

Multiple Choice

Suppose that you are competing in the Olympic games on the U.S. gymnastics team, and you find out that one of the U.S. gymnasts (Betty) and one of the French gymnasts (Beatrice) recently failed a drug test. Research suggests that you will tend to socially reject both of them. However, ____.

• A) you will probably judge Betty more harshly than you will judge Beatrice
• B) you will probably judge Beatrice more harshly than you will judge Betty
• C) you will probably judge Betty and Beatrice equally harshly
• D) you will probably judge Betty more harshly if you are a drug-user yourself, but you will judge Beatrice more harshly if you are not

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Definitions:

Long Run

A period sufficient for all markets and factors to adjust, allowing full analysis of economic conditions without the constraint of fixed inputs.

Coefficient

A numerical or constant factor in a mathematical expression, showing the degree of some change under certain conditions, often used in equations to measure relationships between variables.

Price Elasticity of Supply

This measures how much the quantity supplied of a good changes in response to a change in the price of that good.

Midpoint Formula

A method used in economics to calculate the elasticity of a variable, such as demand or supply, based on changes in price and quantity from a midpoint on a curve.