When a Person Evaluates Another as Generally Low on Many

question 3

Multiple Choice

When a person evaluates another as generally low on many traits after observing poor performance on just one trait, the negative carryover effect is known as:

• A) stereotype.
• B) placebo effect.
• C) horn effect.
• D) halo effect.
• E) angel syndrome.

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Definitions:

Profit-Maximizing Quantity

The level of production at which a firm achieves the highest possible profit.

Good Increases

A term that is not well-defined in an economic context; possibly refers to growth in the quality or quantity of goods.

Labor

Human effort used in production which can include physical and mental contribution.

Price-Taking Farmer

An agricultural producer who has no control over the prices of the products they sell and must accept the prevailing market prices.