In Order to Determine If the Quantity of Goods and Services

question 182

Multiple Choice

In order to determine if the quantity of goods and services that an hour's work can buy has increased or decreased between 2000 and 2012,one should compare the

• A)2000 nominal wage with the 2012 nominal wage.
• B)2000 real wage with the 2012 nominal wage.
• C)2000 real wage with the 2012 real wage.
• D)2000 nominal wage with the 2012 real wage.
• E)2000 nominal wage with the 2012 nominal wage and the 2000 real wage with the 2012 real wage because both are important factors determining if workers can buy more or fewer goods with an hour's work.

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Definitions:

Door-in-the-face Technique

A persuasion strategy where a larger, unreasonable request is made first with the expectation of being refused, followed by the real, smaller request.

Persuasion Strategies

Persuasion strategies are techniques designed to change the beliefs, attitudes, or behaviors of others in a particular direction.

Cognitive Dissonance

A psychological phenomenon involving discomfort felt at conflicting beliefs, values, or attitudes, leading to an alteration in one of the conflicting factors.

Door-in-the-face Technique

A persuasion strategy where a large, likely-to-be-rejected request is followed by a smaller, more reasonable request.