Which of the Following Statements Concerning Social Categorization Is Correct

question 113

Multiple Choice

Which of the following statements concerning social categorization is correct?

• A) It occurs without conscious awareness.
• B) It is deliberate and conscious.
• C) People who do it tend to be young and naïve.
• D) Social categorization is a relatively new phenomenon.

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Definitions:

Rationing Methods

Techniques used to distribute scarce goods among consumers when demand exceeds supply, such as price increments, waiting lists, or coupons.

Binding Price Ceiling

A government-imposed limit on the price of a good or service that is set below the equilibrium market price, leading to shortages.

Binding Price Ceiling

A price ceiling set below the equilibrium price, leading to a shortage of goods since demand exceeds supply at the set price.

Market Shortage

A condition in which the quantity demanded of a good exceeds the quantity supplied at the market price.