An Assailant Entered a Classroom and Attacked the Professor During

question 31

Multiple Choice

An assailant entered a classroom and attacked the professor during class! Of course, it was staged for a learning experience so the professor said, "What did he look like? I only noticed he was really tall," even though he was actually rather short. When questioned by the police, most students described the assailant as being really tall; this is known as the _______.

• A) misinformation effect
• B) sleeper effect
• C) source amnesia
• D) the double bind

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Definitions:

Coase Theorem

An economic theorem which states that if property rights exist, only a few transactions cost, and externalities can be traded, then the allocation of resources will be efficient and invariant of who owns the rights.

Impediments To Bargaining

Factors that obstruct or hinder the negotiation process between parties, potentially leading to inefficiencies or failure to reach an agreement.

Liability Rules

Legal principles that define the obligations of parties to compensate for damages or losses they have caused.

Compensate

To make amends or give an equivalent to someone for loss, damage, or suffering experienced.