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When Gene is at a convenience store,he sees a robbery take place and hides behind a large display to avoid being victimized.Later he tells the police that he thinks that an African American woman was the culprit,and he points to the woman talking to a police officer on the other side of the parking lot.He doesn't realize that she actually owns______________the store and was working stocking a shelf near where the robbery occurred.Gene's memory that the woman was there but failure to recognize the circumstances under which he saw her is called the______________bias.
Membership Fees
Charges paid by individuals to belong to an organization, club, or group, granting them access to specific services or privileges.
Shortsightedness Effect
The tendency of decision-makers to prioritize immediate benefits at the expense of long-term values.
Legislation
Laws and regulations enacted by a government body to dictate the behavior of individuals, businesses, and other organizations.
Economic Inefficiency
A situation where resources are not allocated optimally, leading to waste or lost potential output.
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