Which of the Following Statements About the Authority Principle Is

question 27

Multiple Choice

Which of the following statements about the authority principle is true?

• A) It means that many others, especially others like the person you are trying to influence, are buying a certain product.
• B) It is helpful to some extent because we do not have time to evaluate every decision we make.
• C) Controlled research has identified two factors that reliably increase authority: similarity and praise.
• D) Research suggests that people are not very influenced by those who display their credentials and awards as a signal of their authority.

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Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries, to regulate trade and protect domestic industries.

Protectionism

The economic policy of restricting imports from other countries through methods like tariffs and quotas to protect domestic industries.

Frederic Bastiat

Frederic Bastiat was a 19th-century French economist and writer known for his advocacy of free markets, individual freedoms, and his critiques of socialism.

Balance-Of-Trade Deficit

A situation where a country's imports exceed its exports, leading to a negative balance in trade.