The Perceptual Error That Occurs When a Person Uses Only

question 62

Multiple Choice

The perceptual error that occurs when a person uses only one piece of known information to come to a general perception about another person is known as a(n) _____.

• A)halo/horn effect error
• B)Selective perception error
• C)Anchoring bias
• D)Adjustment bias

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Definitions:

International Trade

The exchange of goods and services between countries, allowing for the expansion of markets and access to resources, goods, and services.

Domestic Supply

The total amount of a product or service that is available for consumption or purchase within a country's borders.

Domestic Demand

The total demand for goods and services within a country, encompassing both consumer and industrial demand.

Tariff Revenue

Income generated by the government from imposing taxes on imported goods, aimed at making foreign products more expensive and protecting domestic industries.