Concern for _______________ Produces Normative Influence,whereas ________________ Produces Informational Influence

question 49

Multiple Choice

Concern for _______________ produces normative influence,whereas ________________ produces informational influence.

• A)social image; the desire to be correct
• B)being correct; social image
• C)deindividuation; individuality
• D)acceptance; obedience

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Definitions:

Household

An individual or group of people living together and making joint decisions regarding consumption and finances.

Circular-Flow Diagram

A visualization of the economy that shows how dollars flow through markets among households and firms, highlighting the interactions between product and resource markets.

Factor Market

A factor market is the marketplace where productive resources like labor, capital, and natural resources are bought and sold.

Product Market

A marketplace where finished goods and services are bought and sold.