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10 Cards in this Set
- Front
- Back
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Legal paternalism |
Law can restrict people’s rights for their own good |
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Implied warranty |
Product will work as expected |
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Price fixing horizontal and veritacl |
H- competitors agree V- manufactures and retailers agree |
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Price gauging |
Higher prices when buyers have few purchase options |
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Tragedy of the commons |
I’m everyone’s best interest to let animals graze unlimited on public land. But eventually the grass would be gone |
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Moral vegitarian |
Reject meat on moral grounds |
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Test validity and reliability |
V- test measures skill or ability it’s intended to measure R- results are replicable |
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Informed consent |
Understand what they are agreeing to and voluntarily accept |
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Hawethorne effect |
People do better when being watched |
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Foreign corrupt practices act |
Bribery extortion |
