The Tendency for People to More Accurately Recognize Faces of Members

question 68

Multiple Choice

The tendency for people to more accurately recognize faces of members from their own group than those from other groups is known as ________.

• A)belief perseverance
• B)an illusory correlation
• C)an own-race bias
• D)benevolent sexism

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Definitions:

Competitive Price-Taker

A firm or individual that has no control over the market price and must accept the prevailing price set by market supply and demand.

Profit

The financial gain realized when the revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Price-taker Firm

A firm that has no control over the market price and must accept the prevailing market price for its products.

Marginal Revenue

The extra revenue generated by the sale of an additional unit of a product or service.