The Assumption That an Expert in One Area Is Also

question 41

Multiple Choice

The assumption that an expert in one area is also an expert in another area is known as

• A)intensification.
• B)the sleeper effect.
• C)the halo effect.
• D)the credibility factor.
• E)the credibility effect.

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Definitions:

Free Trade

An economic policy that allows imports and exports between countries with minimal governmental restrictions or tariffs.

Consumer Surplus

The discrepancy between the sum consumers are ready and capable of paying for a service or product and the sum they actually spend.

Producer Surplus

The discrepancy between what producers anticipate accepting for a good or service and what they end up being paid.

Imported Units

Refer to products or goods brought into a country from another for sale or use.