In a Classic Study,some Participants Were Paid $1 for Lying

question 22

Multiple Choice

In a classic study,some participants were paid $1 for lying and telling another person that a boring task was fun,while others were paid $20 for doing the same thing.When participants later rated how enjoyable the boring task actually was:

• A)the $1 group rated the task as more enjoyable than did the $20 group.
• B)the $20 group rated the task as more enjoyable than did the $1 group.
• C)both groups gave the task equal ratings of extremely high enjoyability.
• D)both groups gave the task equal ratings of extremely low enjoyability.

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Definitions:

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The financial result of business operations or investment activities, calculated as the difference between revenues and the costs associated with generating those revenues.

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The deliverable quantity of commodities or financial instruments specified in a contract that an investor agrees to buy or sell.

Hedge Strategy

Investment strategies designed to reduce the potential for loss in an investment portfolio by making counterbalancing investments or using financial instruments like options and futures.

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