The Department of Labor Monitors Consumer Expenditures Through Its Annual

question 53

Multiple Choice

The Department of Labor monitors consumer expenditures through its annual Consumer Expenditure Survey.In 2007, consumers spent about 12 percent of their income on food, 34 percent on housing, and 4 percent on __________.

• A)education
• B)clothes
• C)vacations
• D)health care
• E)transportation

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Definitions:

Thin Slices

Rapid assessments or judgments made based on a very brief exposure to a slice of behavioral or situational information.

Stereotypes

Oversimplified generalized images or ideas held about a group of people, leading to categorization based on those perceptions rather than individual characteristics.

Personal Attributions

The process of ascribing causes to one's own behavior and outcomes, highlighting the influence of internal factors.

First Impressions

The initial thoughts, feelings, or perceptions one forms about someone or something upon first encountering them.