We Are Eager to Verify Our Beliefs but Less Inclined

question 108

Multiple Choice

We are eager to verify our beliefs but less inclined to seek evidence that might disprove them.This phenomenon is called the:

• A)false uniqueness effect.
• B)false consensus effect.
• C)confirmation bias.
• D)overconfidence bias.

Understand the principle and criticisms of meritocracy.

Grasp key sociological theories on stratification, including the Davis-Moore thesis and Olin Wright's perspectives on social classes.

Comprehend the concept of deindustrialization and its impact on poverty in specific regions like Canada.

Compare and contrast the responses of functionalism and conflict theory to social stratification.

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Definitions:

Cumulative

Cumulative refers to the total amount accumulated over a period of time, adding up all parts or elements.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits, distributed as an incentive to keep investing in the company.

Stated Liquidation Value

The predetermined amount per share that shareholders are guaranteed to receive in the event of the company's liquidation as specified in the corporate charter or bond covenant.

Preferred Stock

A class of ownership in a corporation with a fixed dividend that must be paid out before dividends to common stockholders, and with generally no voting rights.