Jacob,who Is White,just Met Trevor,who Is Black

question 250

Multiple Choice

Jacob,who is White,just met Trevor,who is Black.Jacob immediately does not like him and thinks he is a bad person.Without even realizing it,Jacob may have been automatically and unconsciously influenced by his preexisting

• A) stereotypes.
• B) schemas.
• C) memories.
• D) emotions.

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Definitions:

Fair Market Value

Fair market value is the price at which a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts, would engage in a transaction.

Moral Hazard

The possibility that individuals who are insulated from risk sometimes behave differently than they would if not insulated.

Risk Insulation

Strategies or practices employed to protect an entity from potential financial losses or liabilities.

Risk Management

The transfer and distribution of risk.