One manifestation of the endowment effect as a reference point is:

A) the willingness of an individual to trade a good based on his original endowment of that and other goods.
B) the willingness of an individual to buy a good based on the ownership of that good by other individuals.
C) the refusal of a person to sell a good for a price other than what she paid for it.
D) a difference between the price that a person is willing to pay for a good and the price that she es willing to sell the same good to someone else.

Murphy used to consume 100 units of X and 50 units of Y when the price of X was $2 and the price of Y was $4.If the price of X rose to $3 and the price of Y rose to $8, how much would Murphy's income have to rise so that he could still afford his original bundle?

A) $750
B) $250
C) $300
D) $500
E) None of the above.

Which of the following is NOT an example of a symbolic factor associated with effective branding?

A) Social responsibility
B) Prestige
C) Innovation
D) Culture
E) Perks

William purchased a company and discovered that his employees were using different operating systems.Instead of spending considerable time and expense getting everyone on the same system,William established a(n) ________ to create company bulletin boards,share documents,and conduct online conference.

A) extranet
B) intranet
C) botnet
D) Internet

Two of Joe's friends knew more than he would ever know about automobiles, but Joe always went to Alberto when he had a question because he and Alberto shared something called homophily. Which of the following statements best describes their relationship?

A) Joe and Alberto are similar in terms of education, social status, and beliefs.
B) Joe and Alberto are similar in terms of monetary wealth.
C) Joe and Alberto are similar in terms of ethnicity.
D) Joe and Alberto are similar in terms of philosophy.

Who tends to be very much against labor migration?

A) the migrant workers
B) the labor unions in the country of origin
C) the firms in the destination country
D) the labor unions in the destination country

As the underlying stock's price increased, the call option valuation function's slope approaches

A) zero.
B) one.
C) two times the value of the stock.
D) one-half the value of the stock.
E) infinity.

An example of the existence of an information content effect of dividends is when GM's share price falls on the same day the firm announces a stock dividend.