Once Established, Stereotypes Are Difficult to Change Because People Often

question 70

True/False

Once established, stereotypes are difficult to change because people often dismiss any evidence to the contrary as an exception.

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Definitions:

Marginal Private Benefit

The additional benefit received by the consumer or producer from consuming or producing one more unit of a good or service.

Marginal Social Cost

The additional cost imposed on society as a whole from producing one more unit of a good or service.

Socially Optimal

is a condition or outcome in which the allocation of resources maximizes the overall benefit to society.

Nonexcludable

A characteristic of a good whereby it is difficult or impossible to prevent people who have not paid for it from consuming or using it.