The "Primacy Effect" Refers to the Fact That

question 27

Multiple Choice

The "primacy effect" refers to the fact that:

• A) the first information we learn about someone influences us more than later information.
• B) what people do is more important than what they say when you are forming your first impression.
• C) what people say is more important than what they do when you are forming your first impression.
• D) unusual information about someone is harder to remember than expected information.

Recognize the impact of price changes on consumer and producer surplus.

Understand the conditions for market equilibrium and how it affects surplus.

Identify the factors leading to changes in the quantity demanded and supplied in the market.

Analyze the role of economic signals in correcting market imbalances.

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Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or societal standards.

Milgram's Obedience Study

A psychological experiment conducted by Stanley Milgram, which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Disobey

The act of not following a command, rule, or request.

Epileptic Seizure

A sudden surge of electrical activity in the brain, leading to various symptoms such as convulsions and loss of consciousness.