A Negative Attitude Held Toward a Particular Group of People

question 76

Multiple Choice

A negative attitude held toward a particular group of people is referred to as

• A)perceptionism.
• B)prejudice.
• C)discrimination.
• D)defensive attribution.

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Definitions:

Externalities

Costs or benefits arising from an economic activity that affect third parties who did not choose to incur that cost or benefit.

Socially Optimal

A condition where resources are allocated in the most efficient way from the society's point of view, maximizing overall welfare.

Common Resource

A resource like air or water that is not owned by anyone, can be used by everyone, and is difficult to exclude others from using.

Artificially Scarce Good

A product or service whose supply is intentionally restricted to increase its price or value, often contrary to its natural abundance.