Economists Prefer to Look at Declared Preferences (How They Say

question 94

True/False

Economists prefer to look at declared preferences (how they say they behave) rather than revealed preferences (how people actually behave).

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Definitions:

Radio Corporation of America

A powerful company established in 1919 that played a pioneering role in the development and spread of radio broadcasting and television in the United States.

Brotherhood of Sleeping Car Porters

The first predominantly African American labor union in the United States, founded in 1925, which played a significant role in the civil rights movement by advocating for the rights of black railroad porters and maids.

"Companionate" Marriage

A marriage model based on the ideals of friendship, emotional connection, and mutual respect, rather than traditional roles or economic necessity.

Teapot Dome Scandal

A major scandal of the early 1920s in the United States, involving the secret leasing of federal oil reserves by the Secretary of the Interior, Albert B. Fall, in exchange for personal gifts and loans.