Television Programs Are Nonrival Because

question 140

Multiple Choice

Television programs are nonrival because:

• A)the supplier cannot prevent consumption by people who do not pay for it.
• B)more than one person can consume the same unit of the good at the same time.
• C)individuals ignore the effect of their use on the amount of the resource remaining for others.
• D)the market suffers from inefficiently low consumption.

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Definitions:

Prejudice

A preconceived opinion or judgment without adequate knowledge or exposure, often leading to discrimination and societal tension.

Primacy Effect

The tendency to remember information at the beginning of a list better than information in the middle or end.

Recency Effect

The tendency to remember the latest information encountered when recalling a list or series of items.

Fundamental Attribution

The tendency to overemphasize personality traits and underestimate situational factors when explaining others' behavior.