What Does the Name Letter Effect (NLE) Show

question 2

Multiple Choice

What does the Name Letter Effect (NLE) show?

• A) A liking for self-related things
• B) A tendency to think categorically
• C) An implicit racist bias
• D) An attentional bias towards out-groups

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Definitions:

Price

The amount of money required to purchase a good or service, often determined by the interplay of supply and demand.

Output

The quantity of goods or services produced by a business, industry, or economy within a certain period.

Homogeneous Oligopoly

A market structure where a few firms sell products that are identical or very similar, making the products perfect substitutes for each other.

Laundry Products

These are detergents, fabric softeners, bleaches, and other additives used in the washing of clothes.