Jordan Has the Following Assets and Liabilities: Suppose That

question 168

Multiple Choice

Jordan has the following assets and liabilities: Suppose that Jordan wins $100,000 in the lottery. If he uses that money to pay off his mortgage, his wealth would ______; if he puts that money in his checking account, his wealth would ______.

• A) increase to $209,000; not change
• B) not change; increase to $207,000
• C) increase to $209,000; increase to $209,000
• D) increase to $207,000; not change

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Definitions:

Authoritarian Personality

A personality type characterized by a strong adherence to authority, conformity to established norms, and a preference for order and tradition over personal autonomy.

Right-Wing Authoritarianism

A personality and ideological framework characterized by a tendency to submit to authorities, adhere to societal conventions, and aggress against those who dissent or differ.

Uncritical Acceptance

The tendency to believe or accept something without questioning or evaluating it critically.

Ambivalent Racism

The influence on White Americans’ racial attitudes by two clashing sets of values: a belief in individualism and a belief in egalitarianism.