The Extent to Which the First Information We Receive About

question 37

Multiple Choice

The extent to which the first information we receive about someone influences our impression of that person more than later information is called __________.

• A) the phi phenomenon
• B) the halo effect
• C) attribution theory
• D) the primacy effect

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Definitions:

Tax

An obligatory financial contribution or different kind of levy enforced on an individual or entity by a government agency for the purpose of funding government activities and diverse public costs.

Total Damage

The cumulative harm or loss resulting from an event or series of events, often used in the contexts of legal claims or environmental impacts.

Market Level

Refers to the overall condition or status of a market, including factors like total supply, demand, price levels, and market participants.

External Benefits

Benefits that are enjoyed by individuals or firms who did not directly participate in the transaction or activity that produced the benefit, also known as positive externalities.