Related to the Economics in Practice on Page 239: All

question 50

Multiple Choice

Related to the Economics in Practice on page 239: All else equal, more highly educated people are ________ than those who have less education.

• A) less likely to hold stock
• B) no more or no less likely to hold stock
• C) more likely to hold stock
• D) always going to earn more from investing in stock

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Definitions:

Horn and Halo

A cognitive bias that allows one outstanding trait, either good (halo) or bad (horn), to overshadow other traits in making judgments about someone or something.

Behavioral Observation Scales

Behavioral Observation Scales are assessment tools used to rate the frequency of specific behaviors performed by employees, typically utilized in performance evaluations.

Norm-Referenced Appraisal

A method of assessment where an individual's performance is compared to that of others, rather than against a standard criterion.

Rater Training

A training process for individuals who evaluate the performance of others, aimed at improving the accuracy and consistency of their assessments.