The ______ Effect Occurs When People Adopt Positions or Support

question 47

Multiple Choice

The ______ effect occurs when people adopt positions or support candidates because they are perceived to be popular.

• A) conformity
• B) spiral of silence
• C) popularity contest
• D) bandwagon

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.

Accounting Profit

The difference between a company's total revenue and its explicit costs.