A Bottle of Dom Perignon Is Selling for 550FF in Paris

question 47

Multiple Choice

A bottle of Dom Perignon is selling for 550FF in Paris and the exchange rate is $.167/FF. The champagne is selling for $95 on average in the U.S. exclusive of transportation cost. The price in the U.S. is:

• A) priced just right.
• B) is $3.15 undervalued.
• C) is $3.15 overvalued.
• D) the Law of One Price does not hold for special commodities like champagne.

Learn about subjective norms and their impact on personal behavior.

Understand how attitude strength and clarity predict behavior.

Acquire knowledge on methods to resist persuasion, such as attitude inoculation.

Realize the role of perceived social norms and self-presentation on behavior and confessions.

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Definitions:

Plaintiff

The individual or entity who initiates a lawsuit seeking legal remedy for an injury or injustice.

Justices

Judges serving on a supreme court or high-level judicial panel who are responsible for making decisions in legal cases.

Cross-Examination

The process in a trial where the opposition lawyer questions a witness that has already been examined by the other party's lawyer to challenge their testimony or credibility.

Witness Stand

A designated spot in a courtroom where a witness gives their testimony during a trial.