The Principle That Individuals and Firms Pick the Activity Level

question 138

Multiple Choice

The principle that individuals and firms pick the activity level where the incremental benefit of that activity equals the incremental cost of that activity is known as the

• A) marginal principle.
• B) principle of opportunity cost.
• C) principle of diminishing returns.
• D) spillover principle.

Identify the causes and consequences of ingroup-outgroup biases and stereotypes.

Recognize the role of categorization in the formation and maintenance of prejudice.

Analyze the mechanisms through which stereotypes are constructed and perpetuated.

Acknowledge the social and psychological processes involved in intergroup conflict.