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Do people pay any attention to the pictures included in introductory psychology textbooks? Goldstein, Bailis, and Chance (1983) presented 47 participants with a large number of pictures and asked them to pick out the ones they recognized. Many of the pictures were taken from the introductory psychology textbook the students were using. The experimenters also presented the same pictures to 56 students who were using a different text. For each participant they recorded the percentage of pictures correctly identified. In addition, they asked participants in the first group to indicate the degree to which they used textbook pictures in general as study aids. How would you analyze the data on recognition and the data on reported use of pictures?
A dedicated teacher loves being in the classroom and would teach for $40,000 per year, but he is actually paid $55,000 per year. Mathematically, economic profit is. The accounting costs for this firm are
In what way (or ways) is the current Knowledge Revolution a child of the Industrial Revolution? Is this a new revolution or simply an extension of the 18th-century revolution? Given the history, is it perhaps more appropriate to call the current revo..
A test for job applicants. Your company gives a test of cognitive ability to job applicants before deciding whom to hire. Your boss has asked you to use company records to see if this test really helps predict the performance ratings of employees..
what problems are associated with the u.s. federal budget process? what solutions have been offered to these problems?
Is the market a mature one or a growing one?
is there a conflict in an environmentally conscious manufacturing environment? if there is is it healthy and desirable?
Which of the following is true for a market with no externalities under perfect competition? A market has a demand curve described by P=60-3Q and a supply curve described by P=20+2Q. Calculate Consumer Surplus. A market has a demand curve described b..
A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low-risk loan. Give an adverse election explanation for this and offer advice to your friend on how to solve the pro..
Describe the economic characteristics and significance of Rostow’s take-off stage in economic growth and discuss whether China has undergone that stage at any time. Show evidence?
A young engineer wishes to become millionaire by the time he is 60 years old. He believes that by careful investment he can obtain a 15% rate of return. He plans to add a uniform sum of money to his investment program each year, beginning on his 20th..
What effect is the new diet likely to have on the number of apple orchards within 100 miles of New York City?
Determine Acme's total profit function. Assuming that Acme is effectively able to charge different prices in the two markets, what are the profit-maximizing price and output levels for the product in the two markets? What is Acme's total profit und..
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