The Tendency to Assign Similar Scores to Items That Are

question 76

Multiple Choice

The tendency to assign similar scores to items that are near each other on a questionnaire is called

• A) harshness bias.
• B) similarity bias.
• C) proximity bias.
• D) central tendency.

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Definitions:

Interest Rate

The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.

Surplus of Money

Situation where the supply of money in an economy exceeds the demand for it, often leading to lower interest rates and inflation.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed on an annual basis.

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable.