Let a Stand for the Bundle (7, 9), B Stand

question 16

Multiple Choice

Let A stand for the bundle (7, 9) , B stand for the bundle (10, 5) , and C stand for the bundle (6, 6) .When prices are (2, 4) , Betty chooses C.When prices are (12, 3) she chooses A

• A)A is directly revealed preferred to B
• B)A is indirectly revealed preferred to B.
• C)C is directly revealed preferred to A.
• D)B is directly revealed preferred to A.
• E)None of the above.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.