Consumers Express Self-Interest When They

question 239

Multiple Choice

Consumers express self-interest when they

• A)seek the lowest price for a product.
• B)reduce business losses.
• C)collect economic profits.
• D)exclude others in their thinking.

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Definitions:

Social Norms

The attitudes and standards of behavior expected of members of a particular group.

Conformity

The practice of aligning one's attitudes, beliefs, and actions with those of a group or conforming to its norms and politics.

Solomon Asch

A psychologist known for his research on conformity, demonstrating how group pressure can influence individual judgments.

Majority Opinion

The viewpoint or decision held or made by the greater number of participants in a given group.