Consider the Following Statements: A

question 46

Multiple Choice

Consider the following statements: a.Soda drinkers purchase more soda from a grocery store that sells soda at a lower price than other rival grocery stores in the area.
B.Homeowners do not take steps to increase security even though they believe it is more costly to allow burglaries than to install security monitoring equipment.
C.Manufacturers produce less of a particular cell phone when its selling price rises.
Which of the above statements demonstrates that economic agents respond to incentives?

• A)a only.
• B)b only.
• C)c only.
• D)a and b.
• E)a,b,and c.

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Definitions:

Latent Content

The hidden psychological meaning of a dream, as opposed to its literal storyline, according to Freudian psychology.

Family Obligations

Duties or responsibilities that individuals have towards their family members, often culturally or socially defined.

Manifest Content

In psychoanalytic theory, the remembered story line of a dream as opposed to the hidden meaning or latent content.

Night Terrors

A sleep disorder causing feelings of terror or dread, typically occurring during the first hours of stage 3-4 non-REM sleep, leading to gasping, screaming, or confusion upon waking.