A Self-Fulfilling Prophecy Is ________

question 50

Multiple Choice

A self-fulfilling prophecy is ________.

• A)the process by which schemas sometimes influence the social world in ways to make the world consistent with the schema
• B)the result of over-reliance on mental heuristics and memories
• C)the widespread belief in the 1920s that banks were insolvent or bankrupt
• D)the end result of having two or more schemas active in our cognitive processes at the same time
• E)a prediction that is so circular in its reasoning that it only predicts itself

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Definitions:

Natural Monopolies

Industries where a single firm can supply a good or service to an entire market at a lower cost than two or more firms could, often due to economies of scale.

High Set-up Costs

Initial investments or expenses that are necessary to start a business or manufacturing process, which can act as a barrier to entry for new firms.

Industry

A sector of the economy that produces a specific type of goods or services, characterized by shared production processes or products.

Exclusive Right

A legal provision or agreement granting someone the sole authority to use, sell, or license a product, service, or intellectual property.