Which of These Factors Is Likely to Reduce Search Cost

question 55

Multiple Choice

Which of these factors is likely to reduce search cost and price dispersion?

• A)growth in the number of educated workers
• B)growth in information technology
• C)growth in unemployment
• D)immigration of skilled workers
• E)a decline in the average earnings of workers

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Definitions:

Projecting

The psychological defense mechanism of attributing one's own attitudes, feelings, or desires to someone or something else.

Preexisting Expectations

Anticipations or beliefs about something that exist before any new information or experiences.

ABC's of Behavior

An analysis framework for understanding behavior, consisting of antecedents, behaviors, and consequences.

Vicarious Learning

The process of learning by observing the actions and outcomes of others' behaviors, rather than through direct experience.