There Are Two Possible Explanations for Group Polarization-Persuasive Arguments and Social

question 105

Multiple Choice

There are two possible explanations for group polarization-persuasive arguments and social comparison. According to research, which is the most correct?

• A) persuasive arguments
• B) social comparison
• C) Both have research support.
• D) Neither has research support.

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Definitions:

Substitution Effect

The change in consumption of goods in response to a change in their relative prices, holding the consumer's level of utility constant.

Total Utility

The total satisfaction or benefit that a person derives from consuming a certain quantity of goods or services.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can purchase at given prices and within a fixed budget.

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, and other forms of income.