Solved

In Studying the Relationship Between Conformity When Making Judgments in Public

question 2

Multiple Choice

In studying the relationship between conformity when making judgments in public versus private, the general finding is that when subjects are given more privacy:

Definitions:

Disposable Income

The pool of funds households have for saving and spending pursuits after income taxes are factored out.

Consumption

The use of goods and services by households, constituting a major part of the economy's total output.

Permanent Income Hypothesis

A theory proposed by Milton Friedman suggesting that an individual's consumer behavior is determined by their long-term income expectations rather than their current income.

Services

Intangible products offered to consumers and other businesses, such as banking, education, and healthcare, which unlike goods, are not physical objects.