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galben [10]
3 years ago
14

Economists have used the ultimatum game and the dictator game in experiments designed to determine whether consumers believe it

is fair for producers to raise the price of a product for which there is excess demand. whether consumers care about fairness when they make decisions. whether consumers understand the rule of equal marginal utility per dollar spent. whether consumers understand the difference between implicit costs and explicit costs.
Business
1 answer:
Kruka [31]3 years ago
6 0

Answer: Option (b) is correct.

Explanation:

Correct option: Whether consumers care about fairness when they make decisions.

The Ultimatum game and the dictator game economists generally used to know the fairness and the economic behavior of the consumers.

The dictator game is a derivative of the ultimatum game.

From these two games it was seen that consumers firstly thinks about their own payoff and split the amount in an unequal ratio.

In the ultimatum game, a sum of money will be given to a person and asked him to split the amount with the other person. If the other person accepts his offer then they both get the decided amount and if the other person rejects his offer then they both get nothing.

This gives us the consumers preferences, economic behavior or whether they care about the fairness or not.

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Poornima is a 31-year-old professional basketball player. She finished her last season as a player 3 weeks ago and is currently
Rudiy27

Answer:

<em><u>Options Include:</u></em>

Is he/she employed,

<em>unemployed is Correct</em>

"not in the labor force", or

"not in the adult population"

Explanation:

Poornima is unemployed, since she has stopped working as a basketball player and seeking a job as a coach.

The Bureau of Labor Statistics describes unemployment as individuals who don't have an employment, have actively sought work in the last four weeks, and are actually available for work.

7 0
3 years ago
The federal government relies mostly on revenue from _____.
Mumz [18]

The answer is INCOME TAXES. It is not sales tax. Just took the quiz on OW and got it right.

8 0
3 years ago
Read 2 more answers
Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers thanks to their com
balu736 [363]

The competitive capability which relates to flexibility is the reason that Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers.

<h3>What is the competitive capability?</h3>

Competitive capability relates to the unique ability possess by a company over other competitors.

In this case, the Gymtastic possess the competitive capability called Flexibility.

In conclusion, the competitive capability which relates to flexibility is the reason that Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers.

Read more about Competitive capability

<em>brainly.com/question/5319576</em>

4 0
2 years ago
What are the different types of economic measurements used to analyze most economies
Nata [24]

Answer:

The levels of poverty.

Exchange rate.

The productivity of laborers.

National debt/The total borrowings of the government.

Inequality in Income.

Real Disposable Income

The Misery Index.

Explanation:

The above are some of the distinct types of economic measurement methods that are employed to analyze the economic growth of a nation. The higher poverty level affects the economic growth negatively. Similarly, the exchange rate, the labor productivity, the amount of national debt, income inequality, etc. are the key factors that displays the economic health of a country. It helps show how well a nation has performed in a specific duration and where they are lagging behind in comparison to other nations.

7 0
3 years ago
   Jeb looked through a magazine and found an article called “A Look Back at the Civil War.” What would be the quickest way for
prohojiy [21]
The correct answer for this is C. Jeb should scan the article to check if the one he's looking for is in there. This way, you can efficiently use your time and lessen your hassle on reading everything what the article has to say. 
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3 years ago
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