John Thinks That the Reason House Prices Have Gone Up

question 51

Multiple Choice

John thinks that the reason house prices have gone up so much is 'because of all the immigrants'. John is:

• A) not a psychologist.
• B) attempting group polarisation.
• C) using a self-serving bias.
• D) making an intergroup attribution.

Understand how in-group and out-group perceptions influence social biases.

Comprehend the availability heuristic and its impact on judgment.

Recognize the relationship between personal frustrations and prejudice.

Understand the effects of media and information availability on personal fears and biases.

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Definitions:

Bank Reconciliation

The process of comparing and matching figures from the accounting records against those shown on a bank statement to ensure accuracy.

Debit Memo

A document issued by a buyer to a seller indicating a reduction in the amount that the buyer owes to the seller, typically due to returned goods or a clerical error.

Promissory Note

An economic device featuring a documented pledge from one side to transfer a predetermined amount of funds to the other, upon request or at a certain future time.

Insufficient Funds

A situation where an account does not have enough money to cover withdrawals or transactions, often leading to fees or declined transactions.