Which Element Below Is a Perceptual Distortion in Which an Individual

question 70

Multiple Choice

Which element below is a perceptual distortion in which an individual assesses a person quickly on the basis of the first information encountered?

• A) selective attention
• B) contrast effect
• C) self-fulfilling prophecy
• D) primacy effect

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Definitions:

Productivity

A measure of the efficiency with which goods and services are produced, often quantified as output per unit of input.

Economic Profits

The surplus after a firm subtracts its total costs from its total revenue, considering both explicit and implicit costs.

Consumer Desire

The inclination or preference of consumers towards specific goods, services, or experiences, driven by individual needs and wants.

Economic Efficiency

A situation where resources are allocated in the most effective way possible to meet an economy's needs and wants.