Which statement gives an example of a price-sensitive good? a)cotton t-shirts cost more because a drought affected cotton production. b)the price of chocolate has gone up and sales are down. c)more people own cheaper cell phones than upgraded, expensive ones. d)a used car is worth more than a brand new one.

Apsychologist has developed a series of personality inventories and wants to determine if they are valid. one of the scales measures perfectionism, so he asks a colleague for advice on how to establish the validity of this scale. the colleague tells him that if he were to find a sample of people with personality disorder, these people would obtain high scores on a scale that measures perfectionism.

You are serving on a jury. a plaintiff is suing the city for injuries sustained after falling down an uncovered manhole. in the trial, doctors testified that it will be 5 years before the plaintiff is able to return to work. the jury has already decided in favor of the plaintiff, and has decided to grant the plaintiff an award to cover the following items: a. recovery of 2 years of back-pay ($34,000 for two years ago, and $36,000 for last year, which ends today). assume that it is december 31 and that all salary is received at year end. this recovery should include the time value of money. b. the present value of 5 years of future salary. assume that the plaintiff's salary would increase at a rate of 3 percent per year. c. $100,000 for pain and suffering. d. $20,000 for court costs. assume an interest rate of 7 percent. what should be the size of the settlement?

How did the kansas-nebraska act contradict the missouri compromise?