In Their Surveys of Consumers, Daniel Kaheman, Jack Knetsch and Richard

question 175

Multiple Choice

In their surveys of consumers, Daniel Kaheman, Jack Knetsch and Richard Thaler found that

• A)most people considered it unfair for firms to raise their prices because of an increase in their costs, but fair to raise their prices after an increase in demand.
• B)most people considered any increase in price to be unfair as it led to an increase in profits.
• C)most people believed that low-income people were hurt most by increases in prices.
• D)most people considered an increase in price by firms following an increase in their costs to be fair but believed it was unfair for firms to raise their prices because of an increase in demand.

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Definitions:

Cardinality

In the context of databases, it refers to the uniqueness of data values contained in a column. Higher cardinality means more unique values.

Cardinality

In database design, the numerical attributions of relationships between entities, indicating the degree of association such as one-to-one, one-to-many, or many-to-many.

Hyperlinks

Elements in electronic documents that link to another section of the same document or to an entirely different document.

Join Operation

A database operation that combines records from two or more tables in a database.