A Judgment Based on the Assumption That We Already Know

question 39

Multiple Choice

A judgment based on the assumption that we already know all the information we need to know about a person is called _____.

• A) similarity
• B) prejudice
• C) cultural value
• D) harassment

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Definitions:

Coconuts

Tropical fruit known for its water and flesh, often used as food and in various products, representing a good in economics.

Normal Good

A good for which demand increases as consumer income rises, and decreases as consumer income falls.

Consumers Believe

Refers to the perceptions or expectations that consumers hold about a product, service, or market, which can significantly impact their purchasing decisions.

Substitute Good

A product or service that can be easily replaced with another by consumers, often because it performs a similar function.