________ Refers to the Tendency of People to Draw a General

question 42

Multiple Choice

________ refers to the tendency of people to draw a general impression about an individual on the basis of a single characteristic.

• A) Confirmation bias
• B) Self-serving bias
• C) Randomness error
• D) Halo effect
• E) Hindsight bias

---

Definitions:

Net Exports

The difference between a country's total value of exports and its total value of imports, indicating whether a country is a net exporter or importer.

Net Capital Outflow

The difference marked by domestic people's foreign asset purchases compared to foreign people's domestic asset acquisitions.

Software

Programs and other operating information used by a computer to perform specific tasks.

Real Exchange Rate

The pace at which one country's currency can be swapped for that of another, after accounting for inflation.