Interventionists Ask Whether It Might Not Be Better to Sacrifice

question 20

Multiple Choice

Interventionists ask whether it might not be better to sacrifice some _____________ for more _____________.

• A) equity, efficiency
• B) efficiency, equity
• C) efficiency, extra-normal profits

Understand the concepts of prejudice, discrimination, and ethnocentrism, and how attitudes towards in-groups and out-groups are formed and maintained.

Identify the impact of attributions on people's perceptions of others, including the fundamental attribution error.

Explore how social influences can modify attitudes and behaviors, including through observational learning and persuasion techniques.

Learn about the role of empirical evidence in psychology and the reliance on systematic observation for conclusions.

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Definitions:

Circular-Flow Diagram

A model that illustrates the flow of goods and services and money between households and businesses in an economy.

Households

Economic units comprising all persons who occupy a housing unit, responsible for making consumption and investment decisions.

Demanders

Individuals or entities that express a willingness and ability to purchase goods or services at a given price.

Suppliers

Businesses or individuals that provide goods or services to another entity under terms specified in a contract.