Economists Would Refer to the Increase in Product Sales Because

question 87

Multiple Choice

Economists would refer to the increase in product sales because of celebrity endorsements as being the result of

• A) network externalities.
• B) the endowment effect.
• C) social influence.
• D) the ultimatum game.

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Definitions:

Congress

The legislative body of the United States government, composed of the House of Representatives and the Senate, responsible for making federal laws.

Citizenship

The status of being a citizen, including the rights, duties, and privileges that status entails.

Dred Scott

An enslaved African American man who sued for his freedom in a landmark case, Dred Scott v. Sandford (1857), leading to a controversial Supreme Court decision that increased tensions leading up to the Civil War.

U.S. Supreme Court

The highest court in the United States, responsible for interpreting the Constitution and reviewing cases that involve federal law or constitutional issues.