Consider the Following Two American Proverbs, Which Seem to Contradict

question 170

Multiple Choice

Consider the following two American proverbs, which seem to contradict one another: 'Birds of a feather flock together' and 'opposites attract'.The authors of the textbook would probably say that ____.

• A)this contradiction is an anomaly since Americans tend to be extremely single-minded in their 'common sense' views about social psychology
• B)most people in the US probably believe one of these adages to be true - but not both - since most people have very clear personal theories about social psychology
• C)the contradiction is not surprising at all, since 'common sense' theories are often poorly defined, i.e., most people would probably say that both of these things are true (if you asked them at different times)
• D)most people would not see the contradiction if it were pointed out to them, since the average person is not a strong logical thinker

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Definitions:

Compounded Interest

This refers to the calculation of interest on the original principal amount as well as on the interest that has accrued in earlier times, applicable to both deposits and loans.

Rate Of Return

The earning or losing of funds on an investment throughout a defined timeframe, detailed as a percentage of the original amount invested.

Profits

The financial gain made in a transaction or operation, calculated as the difference between revenue and costs.

Compounded Annually

This refers to the process where interest is added to the principal sum, so that from that moment on, the interest that has been added also earns interest, being calculated and added to the account annually.