How Are Our Perceptions Biased by Stereotypes

question 35

Multiple Choice

How are our perceptions biased by stereotypes?

• A) Our perceptions are biased whether or not we agree with the stereotype.
• B) Our perceptions are biased for outgroup members,but not for ingroup members
• C) Our perceptions are not biased if we are aware that the stereotype was activated.
• D) Our perceptions are biased primarily when the stereotype was unconsciously activated

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Definitions:

Average Total Cost

The total cost of production divided by the total quantity produced, indicating the cost per unit of output.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, measuring the true profitability of a firm.

Competitive Firm

A company that operates in a market where there are many buyers and sellers, and no single entity can control the prices.

Purely Competitive

An ideal market scenario where there are many sellers and buyers, each small relative to the market, products are homogeneous, and there is free entry and exit from the market.