Unemployment

question 170

Multiple Choice

Unemployment:

• A) causes the production possibilities curve to shift outward.
• B) can exist at any point on a production possibilities curve.
• C) is illustrated by a point outside the production possibilities curve.
• D) is illustrated by a point inside the production possibilities curve.

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Definitions:

Contrast Effects

Previously interviewed job applicants affect an interviewer’s perception of a current applicant, leading to an exaggeration of differences between applicants.

Fundamental Attribution Error

This refers to the tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the influence of external factors.

Distinctiveness Cue

A feature or characteristic that makes an object, person, or group stand out from others.

Consensus Cue

A social influence where the agreement among multiple parties or sources enhances the perceived validity of information or decisions.