Which of the Following Refers to a Judgment About a Person

question 65

Multiple Choice

Which of the following refers to a judgment about a person based on preconceived ideas about the group that person belongs to?

• A) racism
• B) prejudice
• C) discrimination
• D) scapegoating

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Definitions:

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another.

Adverse Selection

A situation in insurance and other markets where buyers and sellers have asymmetric information, potentially leading to market inefficiency or failure.

Disaster Relief

Assistance provided to individuals, businesses, and communities affected by natural or human-made disasters, aiming to help them recover.

Crop Insurance

Insurance that farmers can purchase that will pay out if crop selling prices or crop revenues fall below predetermined values.