After What He Has Read, George Really Dislikes 'The Ocean

question 56

Multiple Choice

After what he has read, George really dislikes 'The Ocean Men'. But it is not their skin colour that bothers him it is what they give credence to. It sounds like George is a practitioner of:

• A) the tit-for-tat procedure.
• B) displacement.
• C) the inverse halo effect.
• D) belief congruence theory.

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Definitions:

Net Supplier

An entity that provides more of a good or service to the market than it consumes from it.

Normal Good

A category of product that sees a rise in demand as the consumer's income grows, indicating a direct correlation between income levels and demand.

Backward-Bending

Refers to the backward-bending supply curve of labor, indicating that beyond a certain wage level, labor supply decreases as income and substitution effects impact workers' willingness to work.

Endowed

Provided or supplied with a particular talent, quality, or asset.