Festinger and Carlsmith Attempted to Determine

question 147

Multiple Choice

Festinger and Carlsmith attempted to determine

• A) how far people would go in obeying an authority figure.
• B) whether an inconsistency between attitude and behavior would cause people to change their attitudes.
• C) whether we infer our attitudes by observing our own behavior.
• D) whether we will change our attitudes and behaviors in response to real or perceived group pressure.

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Definitions:

Arbitraging

The practice of buying a product or asset in one market and selling it in another to profit from a difference in price between the two markets.

Transportation Costs

Expenses involved in moving goods or services from one location to another.

Real Price

The market price adjusted for inflation, showing the purchasing power of an amount of money.

CPI

The Consumer Price Index represents a calculated average of the prices for a mix of consumer products and services, including food, transportation, and healthcare, weighted by their importance.