Prejudices Are Often Based on __________, Generalizations About a Group

question 10

Multiple Choice

Prejudices are often based on __________, generalizations about a group that are oversimplified and exaggerated, and fail to acknowledge individual differences in the group.

• A) Racism
• B) Stereotypes
• C) Discrimination
• D) Institutional discrimination

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Definitions:

Bubbles

Economic phenomena characterized by rapid increases in asset prices to levels significantly above their fundamental values, followed by abrupt crashes.

Demand

The desire combined with the ability to purchase a specific quantity of a good or service at a particular price and time.

Supply

The total amount of a product or service available for purchase at any given price point in a market.

Purchasing Power Parity

A theory in economics that suggests that in the absence of transaction costs and other barriers, identical goods should have the same price in different countries when prices are expressed in a common currency.