You Don't Know Very Many People with Visible Tattoos, but You

question 130

Multiple Choice

You don't know very many people with visible tattoos, but you happen to observe that when fights break out, they seem to involve people with tattoos. You draw the conclusion that there must be an association between having tattoos and being prone to aggression. This conclusion reflects a(n)

• A) subliminal prime of stereotypic information.
• B) automatic activation of your stereotype.
• C) artificial association.
• D) illusory correlation.

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Definitions:

Inelastic Demand Functions

Demand functions that represent situations where the quantity demanded of a good or service changes very little in response to changes in its price.

Monopolist

An individual or entity that is the sole provider of a particular product or service in a market, enabling control over prices.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.

Markets

Places or systems where buyers and sellers engage in exchange of goods, services, and information.